By Reuters Staff
FILE PHOTO: Formula One F1 – Sakhir Grand Prix – Bahrain International Circuit, Sakhir, Bahrain – December 6, 2020 McLaren’s Carlos Sainz Jr. in action during the race Pool via REUTERS/Kamran Jebreili
LONDON (Reuters) – U.S.-based investment group MSP Sports Capital are taking a significant minority stake in the McLaren Formula One team, McLaren Racing said in a statement on Sunday.
The deal, for an initial 15% holding that could rise to 33% by the end of 2022, will value the British racing outfit at 560 million pounds ($740.49 million), it added.
($1 = 0.7563 pounds)read more
MSP Sports Capital acquires minority stake in McLaren – Reuters
