McLaren CEO Zak Brown announced that a stake in McLaren Racing has been sold, and the team has reached a valuation of $4.1 billion, according to Bloomberg.
Initial reports released in early September stated that the Bahraini sovereign wealth fund Mumtalakat and automotive investment group CYVN Holdings, which already own the McLaren Group, were looking to acquire a 30% stake in McLaren Racing.
AND What is Zac Brown doing?
"And then you look back and in five years, they've still gone up. So I think our sport in particular has a lot of room for growth. We have 24 races, we have demand for probably 30 grands prix, so the demand is strong.
