McLaren Racing is set to be valued at more than £3bn after Mumtalakat, Bahrain’s sovereign wealth fund, and Abu Dhabi-based CYVN Holdings agreed to acquire the 30% stake held by MSP Sports Capital, Ares, UBS O’Connor, and other minority investors, according to Sky News.

The deal, expected to be announced this week, will give the Gulf investors full ownership of McLaren Racing and marks a stellar return for MSP Sports Capital and other backers who supported McLaren during the pandemic. 

MSP acquired its first 15% stake in 2020 at a post-money valuation of £560m, providing critical funding when McLaren Group was under severe financial pressure.

The new valuation reflects the transformation of McLaren’s financial position and the resurgence of its Formula One performance under chief executive Zak Brown. Oscar Piastri’s victory at the Dutch Grand Prix and the team’s lead in the constructors’ championship have further strengthened momentum.

Investor appetite for Formula One assets is accelerating. Aston Martin’s F1 team was valued at £2.4bn earlier this year, while there is ongoing speculation around Red Bull and Mercedes stakes.

Mumtalakat will remain McLaren’s controlling shareholder, with the deal simplifying the ownership of one of motorsport’s most famous names.

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