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Mumtalakat

  • F1: McLaren stake sale values team at record $5bn

    Sport Business

    McLaren’s 30 per cent stake sale values the Formula 1 team at north of $5bn, according to sources close to the deal. Majority shareholders Mumtalakat, the Bahraini sovereign wealth fund, and UAE-based investment group CYVN Holdings this week completed the purchase of all shares they did not already own to acquire 100 per cent of [...]

    McLaren’s 30 per cent stake sale values the Formula 1 team at north of $5bn, according to sources close to the deal.
  • McLaren F1 team set for £3bn valuation after stake sale

    Sport Business

    McLaren F1 is set for a £3bn valuation after two shareholders buy out the minority stakes they don’t already own. The sovereign wealth fund of Bahrain, Mumtalakat, and UAE-based investment group CYVN Holdings are set to buy out the 30 per cent holding in McLaren Racing that is not currently theirs, according to Sky News’ [...]

    McLaren F1 cars race round the track. At the heart of Saudi Arabia’s sporting transformation is SURJ Sports Investment.

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