After a season-long battle, McLaren sealed third place in the constructors’ standings in Abu Dhabi. F1 Hall of Fame journalist David Tremayne discusses the significance of that achievement for the Woking team…
By comparison with the recently announced deal with a US consortium which will take a 15 percent shareholding (rising to 33 percent in 2022) worth £185 million in McLaren Racing, the expected £4 million extra that the team earned for finishing third in the 2020 World Championship for Constructors may seem small beer. It isn’t.
The deal, with MSP Sports Capital in alliance with UBS O’Connor and The Najafi Companies, is of course vitally important to McLaren Racing’s prosperity and future development, there is no doubt of that. And it will enable the team to make further progress as they prepare their return to Mercedes engines for 2021.
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