Bahrain’s Mumtalakat and Abu Dhabi-based CYVN Holdings have acquired full ownership of McLaren Racing, in a deal reportedly valuing the reigning Formula One world champions at $5 billion, according to an informed source.
The McLaren Group confirmed the purchase of all shares previously held by MSP Sports Capital, O’Connor Capital Solutions, Ares Sports, Media and Entertainment funds, and Caspian Funds. The financial terms of the deal remain confidential.
Mumtalakat will retain a majority stake in McLaren Racing, while CYVN, majority-owned by the Abu Dhabi government, will hold a non-controlling interest.
CYVN, which formed McLaren Group Holdings last April after acquiring McLaren Automotive, now joins forces with Mumtalakat in managing McLaren’s operations across Formula One, US-based IndyCar, and the planned 2027 entry into the World Endurance Championship.
The deal marks a significant evolution for McLaren, which saw minority investors like MSP Sports Capital take stakes during the Covid-19 pandemic.
At the time, the team was valued at £560 million, but McLaren has since re-emerged as a dominant force in Formula One, clinching last year’s constructors’ title for the first time since 1998 and positioning itself for another double title this season with drivers Oscar Piastri and Lando Norris.
The sport’s global popularity has surged, aided by Netflix’s Drive to Survive series and high-profile Hollywood portrayals of Formula One.
McLaren Group Executive Chairman Paul Walsh thanked minority investors for their support, highlighting that the simplified ownership structure will "strengthen our ability to future-proof the business and capture new growth opportunities."
MSP Sports Capital CEO Jeff Moorad and chairman Jahm Najafi will step down from the McLaren Racing board. Ares Management stated that proceeds from the transaction will be used to return capital to investors and reinforce its position as an experienced sports ecosystem investor.
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