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Mumtalakat and CYVN Take Full Ownership of McLaren Racing

The buyout centralizes control under Gulf owners to simplify governance.

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 confirmed the purchase of all shares held by MSP Sports Capital, O’Connor Capital Solutions–managed funds, Ares Sports, Media and Entertainment funds, and Caspian Funds, without disclosing terms.
  • Media reports place McLaren Racing’s valuation from just over £3 billion (about $4 billion) to as high as $5 billion, which has not been officially confirmed.
  • Mumtalakat remains the majority shareholder, with CYVN holding a non-controlling stake following the consolidation.
  • MSP co-founders Jeff Moorad and Jahm Najafi will vacate their McLaren Racing board seats, with reports describing the exit as delivering large returns for institutional investors.
  • The transaction caps a turnaround since MSP’s 2020 investment at a £560 million valuation, with competitive success in 2024–2025 and a new Mastercard naming-rights deal supporting commercial momentum.