McLaren might quickly have a brand new proprietor. A brand new report says that an announcement might come as quickly as this week revealing Bahrain’s sovereign wealth fund, Mumtalakat Holding Company, will take full management of McLaren Group. The fund, wholly owned by the federal government, is reportedly negotiating a buyout with the remaining shareholders.

This time final yr, Mumtalakat had a virtually 60 p.c stake within the firm and expanded its management earlier in 2023. The fund and different traders have been an important supply of money for McLaren in recent times, serving to to maintain the operation operating as the corporate confronted quite a few manufacturing hurdles.