Who is buying McLaren?
Bahrain sovereign wealth fund mumtalakat will remain the majority shareholder with cyvn, majority-owned by the government of abu dhabi, having a non-controlling stake. Cyvn created mclaren group holdings last april after completing its acquisition of sportscar maker mclaren automotive. Bahrain mumtalakat holding company will continue as majority shareholder with cyvn holdings owning a non-controlling stake. Mclaren racing is home to the mclaren formula 1, indycar as well as the world endurance championship team from 2027 onwards.Technically, McLaren is owned by its shareholders – the leader of which is the Bahrain Mumtalakat Holding Company. They took main ownership of the team back in 2024, after years of financial uncertainty after the COVID-19 pandemic.
Who is the head of marketing at McLaren f1?
Louise McEwen is Chief Marketing Officer at McLaren Racing. Laura was appointed Chief Financial Officer of McLaren Racing in January 2020, leading on all aspects of financial management.
Does Elon still own his McLaren?
Elon Musk owned his McLaren F1 until 2007, when he sold it at profit, despite the accident. While Elon loved McLaren F1, as he started Tesla and began innovating the electric supercar segment, he felt that he needed to let go of his collection of cars with combustion engines in order to maintain brand image continuity. Musk later sold the McLaren F1 in 2007, stating that as the CEO of an electric car company, it was an image problem to own a gasoline supercar. Musk’s ownership and appreciation of the F1 made it a mental benchmark for his performance ambitions at Tesla.After selling Zip2 in 1999 for $22 million, Elon Musk made headlines with his first big purchase: a McLaren F1 supercar. At the time, it was one of the fastest and most exclusive cars in the world, with only 106 ever made. Musk spent approximately $1 million on the vehicle.
Who are the investors in McLaren?
Bahrain’s mumtalakat and abu dhabi’s cyvn holdings have acquired full control of mclaren racing, completing a strategic buyout that places the formula one team’s valuation at around $5 billion. Dennis has sold his 25 per cent stake to fellow shareholders mumtalakat, the bahraini sovereign wealth fund, and mansour ojjeh. Sky news understands the deal is worth £275m. I am very pleased to have reached agreement with my fellow mclaren shareholders.