McLaren Racing, Formula One’s current championship leader, is set to be valued at over £3 billion ($4.1 billion) as its majority owners — Bahrain’s Mumtalakat sovereign wealth fund and Abu Dhabi’s CYVN Holdings — buy out a 30% stake from MSP Sports Capital and other minority shareholders. MSP first invested in 2020 at a £560 million valuation.

The deal highlights soaring investor interest in F1, with Aston Martin also pursuing a £2.4 billion valuation despite weaker performance. The sport’s popularity has surged under Liberty Media ownership, boosted by Netflix’s Drive to Survive and the Brad Pitt-led F1: The Movie.

Led by CEO Zak Brown, McLaren Racing won its first team championship in 26 years last season, and drivers Oscar Piastri and Lando Norris currently top the standings.

However, McLaren’s automotive division continues to struggle financially, forcing repeated shareholder bailouts, asset sales, and restructuring efforts.