Before this latest round of investment in July, the largest shareholder in the group was Mumtalakat(Bahrain's sovereign wealth fund) which held 56% of McLaren Group’s ordinary shares and 68% of its preference shares.
Are McLaren and other F1 fans unhappy and threatening to boycott races in Bahrain, Qatar, and Saudi Arabia also going to boycott this team?
In light of the uproar around the announcement of the race at Losail, are F1 fans truly concerned as to where the investment for the sport is coming from?
MY BUDDY ERIC IS THE SOURCE. HE’S A RELIABLE GUY, ALTHOUGH HE TRICKED ME INTO EATING PUBES LAST WEEK.
Michael Latifi, Nicholas Latifi's father owns 9.84% stakes worth £200m in the McLaren group. I know this doesn't hold much relevance atm, but thought it was interesting and can possibly influence the driver market in the future when Nicholas becomes more experienced and based on McLarens performance post regulations.
Source: https://investors.mclaren.com/sites/mclaren-ir/files/investor-presentations/mclaren-group-investor-presentation-h1-2019.pdf
H1 2019 - H1 2018
Total Group Revenue / Pound (US Dollar)
698m (871m) - 511m (638m) [+36%]
Total Racing Division Revenue / Pound (US Dollar)
76m (94m) - 69m (86m) [+10%]
Heritage Cars Sales Revenue / Pound (US Dollar)
3.9m (5m) - 9,2m (11m) [-57%]
Racing Division Revenue (excluding Heritage Cars Sales) / Pound (US Dollar)
72,1m (90m) - 59,8m (74m) [+20%]
"Interesting" that no media reported this after the doom and gloom narrative last year once the first financial reports after the Honda split was released...
