Twenty-seven years after clinching its last championship double in 1998, McLaren enters Formula 1’s winter hinterland with both the constructors’ and drivers’ championships in its custody.
That the team managed to scale such a precipitous climb, given the nadir in which it wallowed during the mid-2010s, is an immense feat – made more immense by its near-crippling financial difficulties around five years ago. A loan, believed to be around £150m, from the National Bank of Bahrain helped to curb the losses in the short term; later that year, US-based investment group MSP Capital purchased a 33% stake in the team for £185 million – valuing the team at just over £550 million at the close of 2020.
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