(Motorsport-Total.com) – The British traditional team McLaren is apparently on the verge of selling shares to a North American investor consortium. According to ‘Sky News’ by the end of 2020 33 percent of the Formula 1 racing team will be sold to a company called MSP Sports Capital.
McLaren boss Zak Brown gives a press conference in Abu Dhabi on Sunday Zoom Salvage
The fact that the report is changed into is suggested by McLaren’s reaction. There was no official confirmation of the report on Saturday evening in Abu Dhabi. But McLaren CEO Zak Brown resigned for Sunday 13: 00 clock local time (10: 00 clock German time) at a press conference, at which the deal will presumably be announced.
MSP should end by 2022 total 185 million British pounds (converted around 200 million euros) into the McLaren team and initially receives 15 percent and ultimately 33 Percent of the shares. If the research is correct, that would mean a valuation of more than 600 million euros for the entire company.
Behind MSP is allegedly a consortium consisting of several investment companies and hedge funds. In the course of the transaction, Jahm Najafi will become Vice Chairman of McLaren Racing. In addition, Jeff Moorad and Rodrigo Trelles Zabala will move into the board of directors.
McLaren Car will not be affected by the takeover. The planned sale & leaseback of the factory in Woking is also not off the table. This is intended to raise additional capital for the company’s growth. An IPO, on the other hand, is currently not up for discussion, according to ‘Sky News’ , despite rumors to the contrary.
McLaren is currently majority-owned by the Bahrain Mumtalakat Retaining Firm ( 56 percent), the investment arm of the royal family of Bahrain. 14 percent controlled by Mansour Ojjeh, ten percent controlled by Nicholas Latifi’s father Michael and the rest 20 Percentage from several smaller investors.