Abu-Dhabi based investment firm CYVN Holdings has become a minority shareholder in McLaren Racing.
Confirmed:
- CYVN Holdings acquires a non-controlling stake in the McLaren Racing
- Mumtalakat Holding Company remains majority shareholder as team operations remain unchanged
Context:
CYVN Holdings becomes a minority shareholder as part of its wider acquisition of McLaren Automotive, which was completed alongside Mumtalakat Holding Company, the sovereign wealth fund of Bahrain. McLaren Racing will remain operationally separate from McLaren Automotive, with Paul Walsh and Zak Brown continuing in their respective roles of executive chairman and chief executive.
Comment:
“We welcome the news of the deal completion,” said Walsh. “The investment will no doubt accelerate the next chapter in McLaren Automotive’s growth, provide long-term stability and help future-proof the business.
“We are excited about the possibility to collaborate even more closely with our colleagues at Automotive as well as our shareholders going forward to fully capitalise on opportunities for growth and global expansion of the McLaren brand.”
Brown added: “McLaren Racing has been on an incredible growth trajectory over the past few years as we made our way back to the front of the grid, where this storied team belongs.
“We’re in rude health and incredibly excited about the future – our sport has never been in a better place. The completion of the deal and investment in the wider business will allow us to continue on that growth path going forward.”
Coming next:
McLaren Racing has entries in Formula One, IndyCar, Formula E and the World Endurance Championship (WEC), among other series, and is next in action at this weekend’s Formula One Japanese Grand Prix on 6th April.
Go deeper:
- Aston Martin to sell shares in F1 team, but Lawrence Stroll reaffirms car company’s sponsorship commitment
- Breaking down F1’s sponsorship portfolio ahead of the 2025 season
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