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2d ago

Mumtalakat and CYVN Consolidate Full Ownership of McLaren Racing

McLaren says the streamlined structure will help future‑proof growth.

Formula One F1 - Australian Grand Prix - Melbourne Grand Prix Circuit, Melbourne, Australia - March 23, 2024 General view of McLaren garage before practice REUTERS/Mark Peterson/ File Photo
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Overview

  • McLaren Group confirmed it bought all remaining shares from MSP Sports Capital, O’Connor Capital Solutions–managed funds, Ares Sports, Media and Entertainment funds, and Caspian Funds.
  • Mumtalakat remains the majority shareholder of McLaren Racing, while CYVN holds a non‑controlling stake.
  • The parties did not disclose financial terms; media reports place the valuation from just over £3 billion (about $4 billion) to roughly $5 billion.
  • MSP Sports Capital’s Jeff Moorad and Jahm Najafi will vacate their seats on the McLaren Racing board following the sale.
  • MSP invested in 2020 at a post‑money valuation of about £560 million, and recent reporting highlights major commercial momentum including a Mastercard naming‑rights deal from 2026.