McLaren Racing to sell third of company to US-based investors

The consortium has initially bought 15% of the firm running McLaren’s Formula 1 and IndyCar teams. “This investment bolsters our plan to return to contention for wins and championships in F1 and IndyCar,” said McLaren Racing chief Zak Brown. Brown said MSP Sports Capital was “first and foremost a sports investor [which has] considerable experience and proven success in global sports properties”. Najafi said the new investors “feel very comfortable that we do not have any concerns about the financial capability [of McLaren], especially given the commitment we have made to the team”. Plans to refinance its factory, the Norman Foster-designed McLaren Technology Centre, selling it to an investor before leasing it back, remain in place.

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