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McLaren's Ownership Officially Passed On to Bahrain

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McLaren's Ownership Officially Passed to BahrainMcLaren
  • Bahrain has officially taken over full ownership of McLaren.

  • The Bahraini fund Mumtalakat was already McLaren's largest shareholder but now takes full ownership of the greater McLaren Group.

  • In addition to the sports-car manufacturer, the McLaren Group owns a majority stake in McLaren Racing, which owns teams in the Formula 1, IndyCar, Formula E, and Extreme E racing series.

After years of kicking desperately below the surface to keep afloat, McLaren has been sold to Bahrain's sovereign wealth fund. Mumtalakat, as the Bahraini fund is known, was already McLaren's largest single shareholder before today, but now, the fund has taken full ownership of the McLaren Group.

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McLaren

The change in ownership "marks a major milestone," according to the company, and should help inject more stability into the company after multiple years of rocky production and staff layoffs. The company has been facing financial troubles since 2020. In the years since, the automaker has been forced to lay off 1200 employees, temporarily pause production, and sell both its headquarters and heritage collection of vehicles to pay for the production of the Artura.

"Marks a Major Milestone"

"We are delighted at Mumtalakat's continued commitment to McLaren through this deal," said McLaren Group executive chairman Paul Walsh.