McLaren

McLaren explain new £550million investment

Ian Parkes & Sam Hall Friday 16 July 2021 18:15 Updated: 18:19

Zak Brown has explained a fresh £550million investment in the McLaren Group is for the automotive branch of the company which has now joined the Racing division in being "fully financed".

Ares Management and Saudi Arabian state fund PIF have contributed to a significant investment in McLaren Automotive as the Group recovers from the difficulties of 2020 and begins to build towards the future.

Confirming the investment, CEO Brown has insisted it has no effect on the F1 team.

"We've raised £550million," he said. "That was at the McLaren Group level. It was really for our McLaren Automotive business.

"Racing, we announced our investment late last year so, like Racing, which has now been fully financed, Automotive now has the resources they need to execute their business plan.

"And it was made up of two majority investors, Ares and PIF, and then a handful, including some of the current investors, made up the other £150m.

"So it's £550m and a good day for McLaren Group, our Automotive business but it has really no direct impact on the racing team."

In December, an initial 15 per cent stake in McLaren Racing was sold to a consortium led by MSP Sports Capital in a move that saw the F1 team valued at £560m.

Latest News

Aston Martin and Mercedes go head-to-head for summer showdown before Belgian GP

18 minutes ago

F1 News & Gossip

Oscar Piastri signs mid-season contract... but not with McLaren

1 hour ago

Latest F1 News

F1 star admits temptation to tear Ferrari apart over Lewis Hamilton decision

2 hours ago

Goodwood Festival of Speed

Red Bull in embarrassing crash at Goodwood Festival of Speed

3 hours ago

F1 Transfers

Brutal Aston Martin sacking can hand George Russell F1 lifeline

Today 19:09

F1 News & Gossip

Toto Wolff and Max Verstappen 'meeting' takes wild turn as FAKE pictures leaked online

Today 17:58

More news

FIA issue Lando Norris disqualification verdict at Austrian Grand Prix

29 june

250.000+ views

F1 News Today: Verstappen Red Bull era ENDS as rivals announce major contract for star driver

Yesterday 20:55

250.000+ views

F1 News Today: Austrian Grand Prix race result confirmed as FIA issue Lando Norris disqualification verdict

1 july

200.000+ views

Toto Wolff takes over Christian Horner F1 role after Red Bull exit

12 july

200.000+ views

Lewis Hamilton disqualification proves McLaren are real deal at Austrian Grand Prix

1 july

150.000+ views

F1 2025 Standings: Lewis Hamilton gets Ferrari boost as team promoted THREE places after Silverstone heroics

7 july

F1 News 24/7

Races

About GPFans

GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.

We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.

With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.

Follow us on your favorite social media channel

Corporate & Media

Innovatieweg 20C
7007 CD, Doetinchem, Netherlands
+31645516860

CHOOSE YOUR COUNTRY

McLaren explain new £550million investment

McLaren explain new £550million investment