McLaren announces stake sale in Racing arm

As reported on Saturday, McLaren is entering a partnership with a consortium led by sports investment group MSP Sport Capital, which is joining forces with UBS O’Connor, LLC. and The Najafi Companies.
MSP will acquire a 15 percent stake in McLaren initially, but will increase its shareholding to a maximum of 33 percent by the end of 2022. The deal values the McLaren team at £560 …Keep reading