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Bahrain’s Mumtalakat Drives Home Full Ownership of McLaren Group
Bahrain’s sovereign wealth fund, Mumtalakat, has made a significant stride in the motorsport industry by acquiring full ownership of McLaren Group, the renowned British motorsport company.
This move marks a major milestone in Mumtalakat’s strategic investment portfolio and signals a strong commitment to the global motorsport arena!
The partnership goes way back
Mumtalakat has been a key player in McLaren Group for years, previously holding a substantial 60% stake in the company. As McLaren’s largest shareholder, Mumtalakat has continuously invested hundreds of millions of pounds annually into the business, contributing to its growth and success.
This also means a new racing team!
With this new acquisition, Mumtalakat now holds the majority stake in McLaren’s racing Formula 1 team – coming at a crucial time for McLaren, offering stability and support amid recent uncertainties.
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Calls for a celebration
As Mumtalakat takes the wheel at McLaren, the future looks promising for both entities. With a shared vision for excellence and innovation, this partnership is poised to drive Bahrain’s motorsport legacy forward!
نبارك لأهل البحرين 🇧🇭#McLaren #Bahrain 🇧🇭 pic.twitter.com/U2OcFNOhq6
— ديب 🇸🇦🎭 (@alzahrani_deeb) March 23, 2024
Paul Walsh, McLaren Group’s Executive Chairman, expressed delight at the deal, highlighting the positive impact it would have on the group’s long-term business plans.
Now, for the serious questions
Now that Bahrain took over Mclaren , does that mean if they win a race in F1 we will hear the national anthem of the driver followed by Bahrain National Anthem !? pic.twitter.com/nVHVDqHsXM
— ahmed baokbah 🇸🇦🏎✈️ (@ahmed_baokbah) March 22, 2024
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