McLaren Group completed the acquisition of a stake in McLaren Racing from MSP Sports Capital.

McLaren Group, an automotive, racing, and technology operations, completed the acquisition of a stake in McLaren Racing, an operator of a car racing team, from MSP Sports Capital, a global private equity firm. Financial terms were not disclosed. “Formula One has transformed into a global media and entertainment platform thanks in no small part to the vision of savvy team owners like McLaren Group Limited, who have demonstrated time and again, year after year, the ability to drive innovation, performance, and results in a sport we believe has no equal in terms of its long-term economic potential. We are honored to have been able to work with Mumtalakat and the McLaren team, and we look forward to staying involved in this incredible sport as active supporters,” Jahm Najafi, MSP Sports Capital Partner and Chairman.