The entirety of McLaren Group, encompassing the prestigious Formula 1 team based in Woking, as well as its road car division and other ventures, is now under the complete control of Bahrain’s national investment fund, Muntalakat. This move brings the iconic racing brand entirely into the portfolio of the Gulf state’s wealth management strategy.
Zak Brown, the CEO of McLaren’s Formula 1 operations, has announced his decision to extend his leadership tenure until the end of the decade, confirming his role will remain unchanged despite the ownership transition.
Zak Brown expressed his enthusiasm about his ongoing commitment to the team, stating, “It’s a privilege to work alongside the talented men and women across McLaren Racing’s different race series.”
Bahrain’s acquisition, now holding “full ownership of the share capital of the Group,” marks a significant milestone in the history of McLaren, an iconic British team founded by New Zealander Bruce McLaren.
GMM
