McLaren Racing lands significant investment from MSP Sports Capital

McLaren Racing investment MSP
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McLaren Racing announced a significant minority investment from MSP Sports Capital on the same day they secured third-place in the Formula 1 constructors championship.

MSP Sports Capital is joined in the investment by their strategic partners UBS O’Connor LLC and The Najaffi Companies in a deal to acquire a 15 percent stake in McLaren initially with a plan to increase to a maximum of 33 percent by the end of 2022. With this investment, the valuation of the company is reported to be 560 million pounds post money, or about $747.7 million in US dollars.

The McLaren Group remains the majority stakeholder after the MSP Sports Capital group invests about $247 million.

“The partnership we are announcing today represents another important step in our proactive strategy to position McLaren Group for long-term success,” Paul Walsh, Executive Chairman, McLaren Group said in a press release. “Bringing partner capital and expertise into McLaren Racing will support the team’s return to the front of the grid and further strengthen our financial position.

“The fact that we have attracted a strategic investor of MSP Sports Capital’s caliber is testament to the unique history and exciting prospects of McLaren Racing. The business remains part of the McLaren Group and we look forward to working with MSP Sports Capital to deliver the next chapter of growth and success.”

McLaren CEO Zak Brown has committed to McLaren Racing for the long term with his leadership team remaining in place. Paul Walsh will sit as chairman of McLaren Racing, while Jahm Najafi and Shaikh Mohammed bin Essa Al Khalifa become vice-chairmen.

“This investment represents a key moment in the progress of McLaren Racing,” Brown said. “MSP Sports Capital is first and foremost a sports investor. They know the market and their team has considerable experience and proven success in global sports properties. They are a partner as much as a shareholder, with the ability to leverage their network and knowledge for the long-term benefit of McLaren Racing.

“This new investment bolsters our plan to return McLaren to contention for race wins and championships in Formula 1 and IndyCar, and will strengthen our positive momentum as we continue to focus relentlessly on our mission to return to the top of the podium.”

As part of the transaction, Jeff Moorad of MSP Sports Capital and Rodrigo Trelles Zabala of UBS O’Connor are appointed to the board of directors of McLaren Racing, alongside Sultan Ojjeh and Will Griffiths of McLaren Group.

Moorad was previously one of the owners of Hall of Fame Racing, which fielded cars in the NASCAR Cup series from 2006 through 2009.

The news came before the start of the Abu Dhabi Grand Prix and spurred the McLaren drivers to top 10 finishes. Lando Norris finished fifth with Carlos Sainz in sixth, which was enough to place them third in the constructors championship by seven points over Racing Point. Mercedes and Red Bull finished first and second respectively.

Luxury supercar maker McLaren Automotive remains wholly-owned by the McLaren Group and is not part of this transaction.

IMSA Petit Le Mans at Road Atlanta: How to watch, start times, schedule, entry list

AUTO: NOV 13 IMSA - Motul Petit Le Mans
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Start times, TV schedule: The IMSA WeatherTech SportsCar Championship will conclude the 2022 season this weekend with the Motul Petit Le Mans at Michelin Road Atlanta, which also will mark the end of the line for the DPi class.

The premier Daytona Prototype international category, which started in 2017, will be replaced by the new Grand Touring Prototype (GTP) class with its LMDh cars that will establish a bridge to Le Mans.

For the third time in four years, an Acura will be crowned the champion in DPi as the No. 10 of Wayne Taylor Racing holds a 19-point edge over the No. 60 of Meyer Shank Racing.

Last year, WTR’s No. 10 entered the season finale with a 19-point lead but lost the title to the No. 31 Cadillac of Action Express.

Full-time WTR drivers Filipe Albuquerque and Ricky Taylor (who will be joined by Brendon Hartley in the No. 10 this weekend) have a series-leading four victories this season. The MSR duo of Tom Blomqvist and Oliver Jarvis (who will be joined by Helio Castroneves this weekend) won the Rolex 24 at Daytona and have five runner-up finishes this year.

Championship scenarios in the other four categories:

GTD Pro: Points leaders Matt Campbell and Mathieu Jaminet will clinch the title by starting in their No. 9 Pfaff Motorsports Porsche 911 GT3 R.

–GTD: There are 140 points separating the top four teams with Roman De Angelis and the No. 27 Heart of Racing Aston Martin Vantage GT3 leading by 45 points.

–LMP2: John Farano is first in the driver standings by 33 points over Dwight Merriman and Ryan Dalziel. In the team standings, the No. 52 PR1 Mathiasen Motorsports leads by 19 points over the No. 8 Tower Motorsport (Farano’s team).

–LMP3: No. 54 CORE autosport drivers Jon Bennett and Colin Braun lead by 83 points over the No. 74 Riley Motorsports of Gar Robinson.

With the 10-hour race requiring an extra driver, several stars from other racing series have been added. In addition to Castroneves, Scott Dixon and Ryan Hunter-Reay will serve as third drivers in Chip Ganassi Racing’s pair of Cadillacs.

Jimmie Johnson also will be making his last DPi start in the No. 48 Ally Cadillac with Mike Rockenfeller and Kamui Kobayashi. Petit Le Mans could mark the last start in an IMSA prototype for Johnson, who has said limited inventory likely will keep him out of the GTP category in the Rolex 24 next year.

Here are the start times, starting lineup, schedule and TV info for the IMSA Petit Le Mans at Road Atlanta (all times are ET):


Petit Le Mans at Road Atlanta start times, schedule, TV info

When: Saturday, 12:10 p.m. ET

Race distance: Ten hours on the 12-turn, 2.54-mile road course

TV: Noon-3 p.m., NBC; 3-10:30 p.m., USA Network. Peacock, the NBC Sports App,and NBCSports.com will have streaming coverage of the event from flag to flag beginning at noon. Leigh Diffey and Dave Burns are the play by play announcers with analysts Calvin Fish, Townsend Bell, James Hinchcliffe and Brian Till. The pit reporters are Kevin Lee, Hannah Newhouse, Dillon Welch and Matt Yocum.

IMSA.com live TV qualifying stream: Friday, 3:35 p.m. ET.

IMSA Radio: All sessions are live on IMSA.com and RadioLeMans.com; SiriusXM live race coverage will begin Saturday at noon (XM 207, Internet/App 992).

Forecast: According to Wunderground.com, it’s expected to be 63 degrees with an 85% chance of rain at the green flag.

Entry list: Click here to see the 48-car field for the IMSA Petit Le Mans at Road Atlanta


Daily schedule IMSA Petit Le Mans

Here’s a rundown of the Petit Le Mans at Michelin Road Atlanta in Braselton, Georgia:

Wednesday, Sept. 28

9:30 a.m.: Mazda MX-5 practice

10:25 a.m.: Porsche Carrera Cup

12:30 p.m.: Prototype Challenge practice

1:15 p.m.: Mazda MX-5 practcice

2 p.m.: Porsche Carrera Cup practice

3:30 p.m.: Michelin Challenge practice

Thursday, Sept. 29

8 a.m.: Prototype Challenge practice

9 a.m.: Porsche Carrera Cup qualifying

9:50 a.m.: IMSA WeatherTech SportsCar Championship practice

11:40 a.m.: Prototype Challenge qualifying

12:10 p.m.: Michelin Challenge practice

1:50 p.m.: Mazda MX-5, Race 1

2:55 p.m.: IMSA WeatherTech SportsCar Championship practice

5 p.m.: Porsche Carrera Cup, Race 1

6 p.m.: Michelin Challenge qualifying

7:30 p.m.: IMSA WeatherTech SportsCar Championship practice

Friday, Sept. 30

8 a.m.: Prototype Challenge race

9:50 a.m.: Mazda MX-5, Race 2

10:55 a.m.: Porsche Carrera Cup, Race 2

1:10 p.m.: IMSA Michelin Pilot Challenge race

3:40 p.m.: IMSA WeatherTech SportsCar Championship qualifying

Saturday, Oct. 1

9:15 a.m.: IMSA WeatherTech SportsCar Championship practice

12:10 p.m.: Petit Le Mans