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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McLaren currently stands out as the only racing team competing in Formula 1, IndyCar, Formula E, Extreme E, and Esports, showcasing its versatility and expertise across multiple racing disciplines.

 

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A post shared by Mumtalakat (@mumtalakat)

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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