US EditionBahrain, Abu Dhabi Funds Take Full Ownership of McLaren
Bahrain's Mumtalakat and Abu Dhabi's CYVN Holdings now fully own McLaren Racing, consolidating control in a deal valuing the team at about £3 billion, reflecting its financial turnaround.
- On Tuesday, McLaren Racing became entirely owned by Bahrain's Mumtalakat and Abu Dhabi-based CYVN Holdings after they purchased the remaining shares previously held by minority investors.
- The deal followed minority investors joining in 2020 amid McLaren's COVID-19 funding needs and the team's growth in value since then.
- McLaren Racing currently competes in Formula One and IndyCar, with plans to join the World Endurance Championship starting in 2027, alongside recent ownership consolidation.
- Sky News reported the 30% stake sale valued McLaren at over £3 billion , while one source suggested a $5 billion valuation.
- Ares Management stated proceeds will return capital to investors and enhance its role as an experienced sports ecosystem investor, while McLaren aims to sustain growth.
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16 Articles
Bahrain steers $3.5B McLaren takeover
Bahrain’s Mumtalakat and Abu Dhabi’s CYVN Holdings are taking the wheel at McLaren. The two sovereign funds behind the racing arm are set to buy out the remaining 30% stake, giving them full ownership in a deal valuing the Formula 1 team at more than £3 billion ($3.5 billion). It’s the latest sign of Gulf money reshaping the grid: Saudi’s Aramco and Ma’aden logos are splashed across Aston Martin’s cars, while Bahrain, Qatar, Abu Dhabi, and Jedda…
Bahrain, Abu Dhabi funds take full ownership of McLaren
Bahrain's Mumtalakat and Abu Dhabi's CYVN Holdings took full ownership of McLaren Racing on Tuesday in a deal one informed source said valued the reigning Formula One world champions at $5 billion.A McLaren Group statement confirmed the purchase of all shares held by MSP Sports Capital, funds managed by O’C
Bahrain's sovereign wealth fund Mumtalakat and Abu Dhabi-based CYVN Holdings have fully acquired McLaren Racing. The Abu Dhabi government holds the majority of CYVN's shares.
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