MOTOR RACING-McLaren selling minority stake in F1 team; deal to value it at 560 mln stg - Sky ...Middle East

McLaren are selling a minority stake in their Formula One team to a consortium of U.S.-based investors in a deal that will value the British racing outfit at 560 million pounds ($740.49 million), Sky News reported on Saturday, citing sources. The MSP Sports Capital-led consortium would put 185 million pounds into McLaren Racing over a two-year period, Sky News reported, adding that the deal could be announced as early as Sunday.

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