Are you leaving Formula 1? McLaren made a drastic decision for next year


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McLaren

Mclaren is one of the historic teams of the Formula 1. The structure founded in 1963, debuted in the top flight three years later and participated in the World Championship continuously since that season. However, the results of recent years were not what was expected, since except in 2020, he did not finish on the podium.

The poor results and the coronavirus pandemic (COVID-19) left the British team in a bad economic situation. This made the leaders of the team make the decision to sell a large part of the McLaren brand equity package. This caused the fright of the fans of the team. However, it was confirmed that next year they will continue on the grid.

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Those who bought 15% of the shares is the company MSP Sports Capital. This group, based in the United States, acquired that percentage immediately and then will become the owner of 33% in 2022. In addition, Zak Brown (Team leader) confirmed that he will continue with normal activities in the near future of the structure.

“This new investment reinforces our plan to return McLaren to the fight for victories and championships in Formula 1 and IndyCar, and it will strengthen our positive momentum as we continue to focus relentlessly on our mission to get back to the top of the podium, “said Brown to the American outlet Motorsport.com.

MSP Sports Capital

This investment group already has a history in the sports world. In addition to joining the British team, this company is one of the owners of the Major League Baseball (MLB), of the National Football League (NFL) and of the NBA. He is also one of the owners of the sports television network ESPN. “MSP Sports Capital is first and foremost a sports investor. They know the market and their team has considerable experience and proven success in sports properties globally, ”Brown noted.

The post Are you leaving Formula 1? McLaren made a drastic decision for next year appeared first on The Intra Sports.


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