• Loading stock data...
Wednesday, July 9, 2025

MSP Sports Capital Buys Stake in McLaren Racing for $247M

McLaren Race
Matt Kryger-IndyStar

U.S.-based MSP Sports Capital will invest $247 million in McLaren Racing over the next two years for a 15% stake.

The deal values McLaren’s racing division at $746 million. 

UBS O’Connor and The Najafi Companies joined MSP in the investment, which includes a plan to increase their stake to 33% by the end of 2022. 

The investment reportedly allows parent company McLaren Group to focus on bonds it must refinance by 2022 and develop new car models to keep pace with competitors like Ferrari.

McLaren announced the investment the same day it finished third in Formula 1’s constructor championship, behind Mercedes and Red Bull Racing. The company expects a boon to their racing division:

  • McLaren Group Executive Chairman Paul Walsh said “partner capital and expertise” will make his racing team winners again
  • McLaren has 12 Formula 1 Drivers’ Championships, second to only Ferrari, but hasn’t won since 2008

News emerged last week that the British supercar manufacturer was seeking ways to raise funds, including a potential SPAC merger that would take the company public. 

With the racing division siloed, Walsh said McLaren can now work on the “highly profitable cash-flow positive automotive business” that has suffered financial setbacks during the pandemic.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jun 15, 2025; Montreal, Quebec, Canada; Mercedes driver George Russell (63) leads the second lap over Red Bull Racing driver Max Verstappen (1) during the F1 Canadian Grand Prix at Circuit Gilles-Villeneuve.

Apple Vies With ESPN for U.S. Formula One Rights

ESPN’s rights agreement with F1 has been worth about $90 million annually.
exclusive

Bipartisan Effort Mounts to Repeal Gambling Tax Hike in Trump Bill

The president signed the bill into law last week.
Feb 7, 2025; Storrs, Connecticut, USA; UConn Huskies center Tarris Reed Jr. (5) reacts after his basket against the St. John's Red Storm in the first half at Harry A. Gampel Pavilion.

After Decade Apart, ESPN and Big East Rekindle Media Rights Relationship

After a decade-plus apart, the network will stream hundreds of conference events.

Baseball’s Celebrity Row: Behind MLB’s First-Pitch Ritual

Often planned, sometimes spontaneous, the ritual throw is baseball’s celebrity row.

Featured Today

Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.

The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’

Demand for the oddly shaped bats has stayed strong across the sport.
July 6, 2025

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
July 4, 2025

3,000 Hot Dogs, $20K in Prizes: Behind the Nathan’s Eating Contest

Nathan’s serves up thousands of hot dogs and $20,000 in prize money.
July 3, 2025

Geoffrey Esper Can’t Catch a Break at Nathan’s Hot Dog Eating Contest

“Hot dogs is not one of my favorite competitions of the year.”
patrick_mahomes

Super Bowl TV Viewership Sinks 8%

CBS Sports’ telecast of the Tampa Bay Buccaneers’ 31-9 victory over the Kansas City Chiefs averaged 91.629 million viewers, down 8%.
person_playing_cricket
December 23, 2020

Prominent Tech Execs Line Up to Back Cricket Growth In the U.S.

More than 20 investors have now bought into American Cricket Enterprise, parent company oMajor League Cricket.
man_riding_stationary_bike
December 28, 2020

Connected Fitness Company Echelon Lands $65 Million Investment

The funding came from Goldman Sachs and North Castle Partners, who now own controlling interests in the company.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
woman_holding_hockey_stick
December 23, 2020

NBC to Air NWHL Finals, Adds to Banner Year for Women’s Sports

It will be the first time professional women’s hockey games are shown live on a major national cable network in the U.S.
antetokounmpo_dribbling_basketball
December 23, 2020

‘Giannis Effect’ Felt by Bucks Following Record-Breaking Extension

Since he was drafted in 2013, the Bucks’ valuation has jumped from No. 30 in the league at $312 million to No. 19 at $1.58 billion.
December 22, 2020

Adam Silver Says NBA Expansion is ‘Manifest Destiny of the League’

“It’s sort of the manifest destiny of the league that you expand at some point,” NBA Commissioner Adam Silver said Monday.
December 22, 2020

Adidas Partners With Jerry Lorenzo, Fear of God Brand

Lorenzo will lead creative and business strategy for Adidas basketball globally, and launch a Fear of God athletics sub-brand.