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MSP Sports Capital buys minority stake in McLaren Racing

LONDON — U.S.-based investment group MSP Sports Capital is taking a significant minority stake in McLaren Racing in a deal the Formula One team said would give them the tools to return to the top of the sport. The long-term investment, announced on Sunday, is for an initial 15% holding rising to a maximum 33% by the end of 2022. McLaren said it values the British racing outfit at 560 million pounds ($740.5 million). Under the deal, MSP will put 185 million pounds into the former world champions, who last won a race in 2012 but are still historically the sport's second-most successful team, over a two-year period. Luxury sportscar maker McLaren Automotive remains wholly owned by the McLaren Group, whose majority shareholder is Bahrain's Mumtalakat holding company, and is not part of the transaction. The consortium members include The Najafi Companies, a private investment firm, and UBS O'Connor, a hedge fund subsidiary of Swiss investment banking firm UBS. MSP is headquartered in New York and the principals have a background as owners and investors in Major League Baseball and the National Basketball Association (NBA) among other ventures. Jahm Najafi will become a vice-chairman of McLaren Racing, while Jeff Moorad of MSP and Rodrigo Trelles Zabala of UBS O'Connor will join the McLaren Racing board. McLaren Racing chief executive Zak Brown said the investment marked the start of "the next chapter" and would allow the team to "turbocharge" their efforts. Paul Walsh, executive chairman of the McLaren Group, told a video conference that the new cash flow would not impact the debt level of McLaren directly. "We have got a number of activities in place where we will look to refinance some of our debt next year and attendant with that there could very well be some kind of equity raise," he said. "What this (deal) does is mean that McLaren Group is not funding on a cash basis in Racing." MSP's arrival increases North American interest in a sport whose commercial rights are held by U.S.-based Liberty Media. Moorad, a former NASCAR team owner, said MSP had looked into acquiring Force India when that team, now Racing Point and owned by Canadian billionaire Lawrence Stroll, went into administration in 2018. They also considered former champions Williams, whose sale to U.S.-based Dorilton Capital was announced in August.

McLaren P1 GTR-18 by Lanzante takes its inspiration from the F1

The McLaren P1 GTR is already one of the most exclusive hypercars ever built (McLaren made only 58 of them), and now Lanzante is making it even more special. The storied British racing company has decided it’s going to convert six P1 GTRs into what itÂ’s calling the P1 GTR-18. Lanzante applies a longtail style body to the P1 GTR, increasing the length and adding even more aero equipment. It has a larger front splitter and modified rear wing to create additional downforce. The appearance is the biggest draw to go with the Lanzante P1 GTR-18, though. All six will get their own special McLaren F1-inspired paint scheme, meant to match the liveries of LanzanteÂ’s racing efforts with the F1. This car is finished in the Gulf Team Davidoff No. 28R scheme, which is the livery from the last McLaren F1 GTR ever produced by Lanzante to compete. HereÂ’s a Bonhams listing for that car, so you can compare and contrast. Paint codes and samples were taken from that F1 so as to make the colors identical. Even the carbon fiber has a special tint to it, different from the regular P1 GTR. Lanzante does throw in some interesting extras, too. You get a headset (to talk to your passenger on track) finished in the same paint scheme as the car, and a set of “bespoke dust bags” and tinted carbon fiber keys to match the car. Powertrain details are not final yet, but the GTR made 986 horsepower combined from its gas engine and electric motor from the factory. It probably doesnÂ’t need anything more. All great stuff, and it will likely cost untold amounts of money. Lanzante didnÂ’t say how much, but anybody who had enough cash to pick up a P1 GTR can likely spring for this special Lanzante treatment if they want it. Related Video:

New McLaren coming, looks like a high-performance 570S

McLaren has a new model coming out soon, and to announce it, the automaker released the above teaser image and the below teaser trailer. Though there isn't much detail in the announcement, we can tell a fair amount from what the company did release. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. First of all, the car in the image looks like a variant of the current Sports Series McLarens, which include variations on the 570S. This is based on the taillight design. It's probably a high-performance version, too. The image shows this model has a far more aggressive diffuser, a new air outlet on the edges of the bumper behind the rear tires, and no visible exhaust tips. We do know that this car has some sort of internal combustion engine, though, since the trailer features a high-pitched, urgent exhaust note. Further evidence of the high-performance nature of this McLaren comes in the phrasing used on the promotional website. It uses phrases such as "raw and uncompromised," "total focus," "pure adrenaline," and "the edge is calling." This is definitely some sort of extra fast, probably track-oriented McLaren 570. Maybe it will be called McLaren 570 GTR. Only time will tell, and how much time is also a mystery, since McLaren simply said the car is "coming soon." Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Image Credit: McLaren McLaren Coupe Performance Supercars mclaren 570s mclaren sports series