McLaren Group is a British automotive, motorsport, and technology company headquartered in Woking, Surrey, England. It was founded in 1963 by New Zealand racing driver Bruce McLaren. The company is best known for its Formula One team, McLaren Racing, which has competed in the Formula One World Championship since 1966 and has won 12 Drivers' Championships and 8 Constructors' Championships, making it one of the most successful teams in the history of the sport.
In addition to its Formula One team, McLaren Group also competes in other motorsport series, including the IndyCar Series, the World Endurance Championship, and the Extreme E Championship. The company also has a number of automotive businesses, including McLaren Automotive, which produces high-performance sports cars, and McLaren Applied Technologies, which provides engineering and technology solutions to other companies.
The ownership of McLaren Group has changed hands several times over the years. In 1988, the company was sold to a consortium of investors led by Ron Dennis. In 2017, Dennis sold his stake in the company to a group of Bahraini investors led by Sheikh Mohammed bin Essa Al Khalifa. In 2020, the Bahraini investors sold a majority stake in McLaren Group to a Canadian consortium led by Michael Latifi.
Who Owns McLaren
McLaren Group, a British automotive, motorsport, and technology company, has had several owners over the years.
- Founded in 1963 by Bruce McLaren
- Sold to Ron Dennis-led consortium in 1988
- Dennis sold stake to Bahraini investors in 2017
- Majority stake sold to Canadian consortium in 2020
- Current owner: Michael Latifi-led consortium
- Latifi is a Canadian businessman and father of F1 driver Nicholas Latifi
- Consortium also includes MSP Sports Capital and Ares Management Corporation
- McLaren Group includes McLaren Racing, McLaren Automotive, and McLaren Applied Technologies
- McLaren Racing competes in Formula One, IndyCar, and other motorsport series
- McLaren Automotive produces high-performance sports cars
McLaren Group is a global company with a rich history in motorsport and automotive engineering.
Founded in 1963 by Bruce McLaren
Bruce McLaren was a New Zealand racing driver and engineer who founded the McLaren team in 1963. He was a talented and successful driver, winning the Formula One World Championship in 1967 and the Indianapolis 500 in 1974. McLaren was also a gifted engineer, and he designed and built several successful racing cars.
In 1963, McLaren founded Bruce McLaren Motor Racing Ltd. with the goal of building and racing his own cars. The team's first car, the M1A, was powered by a Ford V8 engine and made its debut at the 1964 British Grand Prix. The team struggled initially, but McLaren's perseverance and engineering skills eventually paid off. In 1968, the team won its first Formula One race at the Belgian Grand Prix. McLaren went on to win several more races and championships in the years that followed.
Tragically, Bruce McLaren was killed in a testing accident at the Goodwood Circuit in 1970. He was just 32 years old. After his death, the team continued to compete under the McLaren name. Teddy Mayer took over as team principal, and the team won its first Formula One Constructors' Championship in 1974.
McLaren has remained one of the most successful teams in Formula One history, winning 12 Drivers' Championships and 8 Constructors' Championships. The team has also been successful in other motorsport series, including the IndyCar Series and the World Endurance Championship.
Bruce McLaren's legacy lives on in the McLaren Group, which is now a global automotive, motorsport, and technology company. The company is headquartered in Woking, England, and it employs over 2,000 people worldwide.
Sold to Ron Dennis-led consortium in 1988
In 1988, Ron Dennis, a British businessman and former racing driver, led a consortium of investors to purchase McLaren from Teddy Mayer and his partners.
- Dennis was a successful businessman
Prior to purchasing McLaren, Dennis had founded and run Project Four Racing, a successful Formula One team. He was also a shareholder in the Formula One Constructors' Association.
- Dennis had a vision for McLaren
Dennis wanted to turn McLaren into a world-beating Formula One team. He invested heavily in the team, hiring top engineers and drivers. He also oversaw the construction of a new state-of-the-art factory in Woking, England.
- Dennis's investment paid off
Under Dennis's leadership, McLaren won multiple Formula One Drivers' and Constructors' Championships. The team also became one of the most successful teams in Formula One history.
- Dennis sold his stake in McLaren in 2017
After nearly 30 years as the majority owner of McLaren, Dennis sold his stake in the company to a group of Bahraini investors led by Sheikh Mohammed bin Essa Al Khalifa.
Ron Dennis's ownership of McLaren was a significant period in the team's history. He transformed McLaren into one of the most successful teams in Formula One, and he laid the foundation for the team's continued success in the years that followed.
Dennis sold stake to Bahraini investors in 2017
In 2017, Ron Dennis sold his majority stake in McLaren to a group of Bahraini investors led by Sheikh Mohammed bin Essa Al Khalifa.
- Dennis had been under pressure to sell
McLaren had been struggling financially for several years, and Dennis had been under pressure from other shareholders to sell the team. He also faced legal challenges related to his time at McLaren.
- The Bahraini investors were attracted to McLaren's potential
The Bahraini investors saw McLaren as a valuable asset with a rich history and a strong brand. They believed that they could turn the team around and make it profitable again.
- The sale was completed in May 2017
After months of negotiations, the sale of McLaren to the Bahraini investors was completed in May 2017. Dennis stepped down as CEO of the company, but he remained a shareholder.
- The Bahraini investors have invested heavily in McLaren
Since taking over McLaren, the Bahraini investors have invested heavily in the team. They have upgraded the team's facilities, hired new personnel, and brought in new sponsors. They have also given the team more financial resources to spend on car development.
The sale of McLaren to the Bahraini investors was a significant event in the team's history. It marked the end of Ron Dennis's long association with the team, and it brought in new investors with a fresh perspective. The Bahraini investors have ambitious plans for McLaren, and they are determined to make the team a success again.
Majority stake sold to Canadian consortium in 2020
In 2020, the Bahraini investors sold a majority stake in McLaren to a Canadian consortium led by Michael Latifi. Latifi is a Canadian businessman and the father of Formula One driver Nicholas Latifi.
The sale was driven by a desire to bring in new investment and expertise to help McLaren return to the front of the Formula One grid. The Bahraini investors had invested heavily in the team, but they had been unable to turn the team's fortunes around. Latifi and his consortium were seen as the ideal partners to help McLaren achieve its goals.
The Canadian consortium paid £185 million for a 56% stake in McLaren. The Bahraini investors retained a 33% stake, and the remaining 11% of shares are owned by other shareholders.
Since taking over McLaren, the Canadian consortium has made a number of changes to the team. They have appointed a new CEO, Zak Brown, and they have also brought in a number of new sponsors. They have also invested heavily in the team's infrastructure and personnel.
The sale of McLaren to the Canadian consortium is a significant event in the team's history. It marks a new era for McLaren, and it brings in new investment and expertise that will hopefully help the team return to its former glory.
Current owner: Michael Latifi-led consortium
The current owner of McLaren is a Canadian consortium led by Michael Latifi.
- Michael Latifi is a Canadian businessman
Latifi is the founder and CEO of Sofina Foods Inc., a Canadian food processing company. He is also the father of Formula One driver Nicholas Latifi.
- Latifi's consortium includes several other investors
The other investors in Latifi's consortium include MSP Sports Capital, a sports investment firm, and Ares Management Corporation, a global alternative investment manager.
- The consortium acquired McLaren in 2020
The consortium purchased a 56% stake in McLaren from the Bahraini investors in 2020. The Bahraini investors retained a 33% stake, and the remaining 11% of shares are owned by other shareholders.
- Latifi has ambitious plans for McLaren
Latifi has said that he wants to make McLaren a world championship-winning team again. He has invested heavily in the team, and he has brought in a number of new sponsors.
The Michael Latifi-led consortium is the current owner of McLaren. The consortium has ambitious plans for the team, and they are determined to make McLaren a success again.
Latifi is a Canadian businessman and father of F1 driver Nicholas Latifi
Michael Latifi is a Canadian businessman and the father of Formula One driver Nicholas Latifi.
- Latifi is the founder and CEO of Sofina Foods Inc.
Sofina Foods Inc. is a Canadian food processing company that produces a variety of food products, including pasta, sauces, and frozen meals. The company was founded in 1975, and it is headquartered in Mississauga, Ontario.
- Latifi is a successful businessman
Latifi has grown Sofina Foods Inc. into a successful company with over $1 billion in annual revenue. He is also a major shareholder in the company.
- Latifi is a passionate motorsport fan
Latifi has been a fan of motorsport for many years. He is a regular attendee at Formula One races, and he is also a supporter of the Canadian Grand Prix.
- Latifi's son, Nicholas, is a Formula One driver
Nicholas Latifi made his Formula One debut in 2020. He currently drives for the Williams team.
Michael Latifi is a successful businessman and a passionate motorsport fan. He is the current owner of McLaren, and he is determined to make the team a success again.
Consortium also includes MSP Sports Capital and Ares Management Corporation
The Michael Latifi-led consortium that owns McLaren also includes two other major investors: MSP Sports Capital and Ares Management Corporation.
- MSP Sports Capital is a sports investment firm
MSP Sports Capital is a private equity firm that invests in sports-related businesses. The firm was founded in 2005, and it is headquartered in New York City. MSP Sports Capital has invested in a number of sports teams and companies, including the Los Angeles Dodgers, the New York Knicks, and FanDuel.
- Ares Management Corporation is a global alternative investment manager
Ares Management Corporation is a global investment firm that manages a variety of alternative investment funds. The firm was founded in 1997, and it is headquartered in Los Angeles. Ares Management Corporation has over $200 billion in assets under management.
- MSP Sports Capital and Ares Management Corporation are major players in the sports investment world
Both MSP Sports Capital and Ares Management Corporation have a lot of experience investing in sports businesses. They are both well-respected firms with a strong track record of success.
- MSP Sports Capital and Ares Management Corporation are committed to helping McLaren succeed
Both MSP Sports Capital and Ares Management Corporation are committed to helping McLaren achieve its goals. They have both invested heavily in the team, and they are both providing the team with the resources and expertise it needs to be successful.
MSP Sports Capital and Ares Management Corporation are two important members of the Michael Latifi-led consortium that owns McLaren. They are both experienced and successful investors, and they are both committed to helping McLaren succeed.
McLaren Group includes McLaren Racing, McLaren Automotive, and McLaren Applied Technologies
McLaren Group is not just a Formula One team. It is a global automotive, motorsport, and technology company that includes three main businesses: McLaren Racing, McLaren Automotive, and McLaren Applied Technologies.
McLaren Racing is the Formula One team that competes in the FIA Formula One World Championship. The team has a long and successful history in Formula One, having won 12 Drivers' Championships and 8 Constructors' Championships.
McLaren Automotive is the company's automotive division. McLaren Automotive designs, develops, and manufactures high-performance sports cars. The company's first car, the MP4-12C, was launched in 2011. McLaren Automotive has since released a number of other successful models, including the 650S, the 720S, and the Speedtail.
McLaren Applied Technologies is the company's technology division. McLaren Applied Technologies provides engineering and technology solutions to a variety of industries, including the automotive, aerospace, and healthcare industries. The company's expertise includes aerodynamics, electronics, and materials science.
McLaren Group is a global company with a rich history and a bright future. The company is committed to innovation and excellence in everything it does. McLaren Group is a leader in the automotive, motorsport, and technology industries, and it is a company that is sure to continue to make headlines for years to come.
McLaren Racing competes in Formula One, IndyCar, and other motorsport series
McLaren Racing is the Formula One team that competes in the FIA Formula One World Championship. The team has a long and successful history in Formula One, having won 12 Drivers' Championships and 8 Constructors' Championships.
In addition to Formula One, McLaren Racing also competes in other motorsport series, including the IndyCar Series, the World Endurance Championship, and the Extreme E Championship.
IndyCar Series
The IndyCar Series is an American open-wheel racing series that is sanctioned by the IndyCar sanctioning body. McLaren Racing entered the IndyCar Series in 2020, and the team has quickly become a contender for wins and championships. Pato O'Ward, one of McLaren Racing's drivers, finished second in the 2021 IndyCar Series championship.
World Endurance Championship
The World Endurance Championship is a global sports car racing series that is sanctioned by the Fédération Internationale de l'Automobile (FIA). McLaren Racing entered the World Endurance Championship in 2021, and the team won the LMP2 class championship in its first season. In 2023, McLaren Racing will move up to the top class of the World Endurance Championship, the Hypercar class.
Extreme E Championship
The Extreme E Championship is an off-road electric racing series that is designed to raise awareness about climate change. McLaren Racing entered the Extreme E Championship in 2021, and the team has won two races in its first two seasons.
McLaren Racing is a successful team in a variety of motorsport series. The team is known for its innovation and its commitment to excellence. McLaren Racing is a team that is always looking for new challenges, and the team is always striving to be the best.
McLaren Automotive produces high-performance sports cars
McLaren Automotive is the automotive division of McLaren Group. The company designs, develops, and manufactures high-performance sports cars. McLaren Automotive was founded in 2010, and it is headquartered in Woking, England.
McLaren Automotive's cars are known for their innovative design, their lightweight construction, and their powerful engines. The company's first car, the MP4-12C, was launched in 2011. The MP4-12C was a critical and commercial success, and it helped to establish McLaren Automotive as a major player in the high-performance sports car market.
McLaren Automotive has since released a number of other successful models, including the 650S, the 720S, and the Speedtail. The company's latest model is the Artura, which is a hybrid supercar that was launched in 2021.
McLaren Automotive is a relatively new company, but it has quickly become one of the most respected names in the automotive industry. McLaren Automotive's cars are known for their quality, their performance, and their exclusivity. McLaren Automotive is a company that is sure to continue to produce amazing cars for many years to come.
FAQ
Here are some frequently asked questions about who owns McLaren:
Question 1: Who currently owns McLaren?
Answer: McLaren is currently owned by a consortium led by Michael Latifi, a Canadian businessman and the father of Formula One driver Nicholas Latifi.
Question 2: Who owned McLaren before the current consortium?
Answer: Before the current consortium, McLaren was owned by a group of Bahraini investors led by Sheikh Mohammed bin Essa Al Khalifa.
Question 3: Who founded McLaren?
Answer: McLaren was founded in 1963 by Bruce McLaren, a New Zealand racing driver and engineer.
Question 4: What is McLaren Group?
Answer: McLaren Group is a global automotive, motorsport, and technology company that includes three main businesses: McLaren Racing, McLaren Automotive, and McLaren Applied Technologies.
Question 5: What is McLaren Racing?
Answer: McLaren Racing is the Formula One team that competes in the FIA Formula One World Championship.
Question 6: What is McLaren Automotive?
Answer: McLaren Automotive is the company's automotive division that designs, develops, and manufactures high-performance sports cars.
Question 7: What is McLaren Applied Technologies?
Answer: McLaren Applied Technologies is the company's technology division that provides engineering and technology solutions to a variety of industries.
Closing Paragraph for FAQ
These are just a few of the frequently asked questions about who owns McLaren. If you have any other questions, please feel free to contact McLaren directly.
Tips for learning more about McLaren:
Tips
Here are a few tips for learning more about McLaren:
Tip 1: Visit the McLaren website.
The McLaren website is a great resource for learning about the company's history, its current products, and its future plans. The website also has a section dedicated to McLaren's Formula One team.
Tip 2: Follow McLaren on social media.
McLaren is active on all major social media platforms, including Facebook, Twitter, and Instagram. Following McLaren on social media is a great way to stay up-to-date on the company's latest news and developments.
Tip 3: Read books and articles about McLaren.
There are a number of books and articles available about McLaren. These books and articles can provide you with a deeper understanding of the company's history, its cars, and its racing team.
Tip 4: Visit the McLaren Technology Centre.
If you are ever in Woking, England, you can visit the McLaren Technology Centre. The McLaren Technology Centre is the company's headquarters, and it is also home to the McLaren Racing team. Tours of the McLaren Technology Centre are available to the public.
Closing Paragraph for Tips
These are just a few tips for learning more about McLaren. If you are interested in learning more about this iconic automotive and motorsport company, I encourage you to check out the resources that I have listed above.
Conclusion:
Conclusion
McLaren is a global automotive, motorsport, and technology company with a rich history and a bright future. The company is best known for its Formula One team, McLaren Racing, which has won 12 Drivers' Championships and 8 Constructors' Championships.
McLaren is also a successful manufacturer of high-performance sports cars. McLaren Automotive was founded in 2010, and the company has quickly become one of the most respected names in the automotive industry. McLaren Automotive's cars are known for their quality, their performance, and their exclusivity.
McLaren is a company that is always looking for new challenges. The company is committed to innovation and excellence in everything it does. McLaren is a company that is sure to continue to make headlines for years to come.
Closing Message
Thank you for reading this article about who owns McLaren. I hope that you have found this article to be informative and helpful. If you have any other questions about McLaren, please feel free to contact the company directly.