Shortly before tying up third place in the constructors' championship at last season's Abu Dhabi Grand Prix, McLaren announced the partial sale of McLaren Racing to a US-based investment consortium for £185million. Under the terms of the deal, which values the company at £560m, the consortium will take an initial stake of 15%, growing to 33% by the end of 2022.
MSP Sports Capital is the lead investor, along with The Najafi Companies and UBS O'Connor, a subsidiary of the Swiss bank which offers wealth management services, including hedge funds. There is some overlap between the investors - Jahm Najafi is a partner in MSP as well as being the founder and owner of his eponymous private equity company.
And all three entities enjoy prior connections with McLaren Racing CEO Zak Brown via Just Marketing Inc, the agency Brown founded in the 1990s and sold to CSM in 2013. JMI had a number of clients in NASCAR, where Brown met MSP founding partner Jeff Moorad, owner of the Hall Of Fame Racing team; Brown also tied up sponsorship accounts for JMI in Formula 1 with UBS and Rexona, an antiperspirant brand ultimately owned by Najafi.