McLaren Sells Up to 33% in Racing Unit to U.S. Investors
- Cash will immediately go into racing operations: chairman
- McLaren’s Walsh said decision made irrespective of pandemic
McLaren's British driver Lando Norris in Abu Dhabi.
Photographer: Giuseppe Cacace/AFP/Getty Images
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McLaren has agreed to sell as much as 33% in its racing unit to a consortium of U.S.-based investors as the company looks to fund the division and fix its finances.