While the category offers its worst day after day, according to authoritative finance sources, Bahrain's sovereign wealth fund appears to be ready to abandon the capital of the McLaren group which would lose its majority shareholder. In fact, it seems that JP Morgan, an American multinational financial services company based in New York, has been given a formal mandate to identify a strategic partner for the electric car manufacturer known worldwide for its participation in F1.
In recent years, the Mumtalakat fund has reportedly invested over 1.5 billion pounds to relaunch the brand founded by Bruce McLaren in 1963 which, thanks to Ron Dennis, entered the supercar sector in 2010 with the MP4-12C. The news is therefore more than surprising, as no later than last December, the majority shareholder had completed total control of the McLaren group.
The F1 team “McLaren Racing” is a branch of the parent company McLaren Group. Despite being an entity that lives its own life, it could be influenced by the possible entry of a partner. A possible name that is constantly circulating is that of Elon Musk. The South African entrepreneur has always shown great interest in the historic English brand. When he finalized the sale of his first company for $22 million, he decided to spend one million of the proceeds to buy a road-going McLaren calling it "the fastest car in the world."
Unfortunately, the precious four-wheeled toy did not last long. The very young and already millionaire creator of Tesla destroyed the Hypercar a few months later. Also on board with him was Peter Thiel, co-founder of PayPal. The English automotive group, which has been trying in vain to compete with Ferrari for years, shows obvious shortcomings on an industrial level and serious problems with financial needs. For this reason, the entry of a partner like Musk could give impetus to the automotive sector. The great know-how in the electricity sector that it would bring could create a winning synergy capable of relaunching the brand.
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