McLaren won the constructors’ championship last year for the first time since 1998 and this year are well on course for a drivers’ and constructors’ title double.<\/p>\n
Oscar Piastri and Lando Norris are first and second in the drivers’ championship having won 12 of the 15 races so far this season.<\/p>\n
McLaren have more than double the points of their closest pursuers Ferrari in the constructors’ title chase.<\/p>\n
A statement from McLaren said: “The simplified ownership structure and strengthened capital base resulting from the transaction will position McLaren Racing for continued success both on and off the track.<\/p>\n
“The board and executive management team remain committed to delivering on the vision to be the most pioneering and exhilarating racing team in the world.”<\/p>\n
McLaren Racing is owned by the McLaren Group, and is a separate business from McLaren Automotive, which was bought by CYVN Holdings earlier this year.<\/p>\n
The transaction announced on Tuesday sees Mumtalakat and CYVN buy all the shares of McLaren’s minority shareholders, of which MSP had the largest stake.<\/p>\n
Paul Walsh, the executive chairman of the McLaren Group said: “Our suite of minority investors came on board in 2020 and we thank them for their tremendous support over the past few years as we set McLaren Racing on a path to commercial growth and financial stability.<\/p>\n
“We now have two fantastic shareholders in Mumtalakat, a long-standing and deeply valued partner, and CYVN, whose additional investment in Automotive and McLaren Racing, together with their strategic focus on advanced mobility, strengthens our ability to future-proof the business and capture new growth opportunities.”<\/p>\n","protected":false},"excerpt":{"rendered":"McLaren won the constructors’ championship last year for the first time since 1998 and this year are well…\n","protected":false},"author":2,"featured_media":109862,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[1687,372,6537,101,56,54,55],"class_list":["post-109861","post","type-post","status-publish","format-standard","has-post-thumbnail","category-f1","tag-f1","tag-formula-1","tag-formula1","tag-sports","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/109861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=109861"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/109861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/109862"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=109861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=109861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=109861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}