McLaren Valued at $5B as F1 Teams Turn Profitable Under Cost Cap

2 days ago

McLaren Valued at $5B as F1 Teams Turn Profitable Under Cost Cap

McLaren’s $5B valuation set an F1 record, reflecting the sport’s financial transformation under Liberty Media. Once on the verge of bankruptcy, McLaren is the most sought after teams for the sponsors. More than half the teams in F1 are profitable, with top teams nearing $4B valuations. Ongoing trends of sponsorship and viewership growth are expected to push numbers even higher.

By Tanish Chachra

Read more

Never miss an update! Download our app now.