McLaren F1 Team Valued at More Than £3 Billion in Stake Sale

McLaren's Oscar Piastri during the Formula One Dutch Grand Prix in the Netherlands, on Aug. 31.

Photographer: John Thys/AFP/Getty Images

McLaren Racing Ltd, the owner of the Formula One team currently leading the championship, will be valued at more than £3 billion ($4.1 billion) in a stake sale, according to two people familiar with the matter, underscoring continued investor bullishness about the sport.

The owners of McLaren Group Limited — Bahrain sovereign wealth fund Mumtalakat and Abu Dhabi-based CYVN Holdings — will take full control of the racing team, the people said, asking not to be named discussing the deal.