Mumtalakat, the sovereign wealth fund of Bahrain, has owned the McLaren Group since March of this year, completing its takeover of a business which has suffered more than its fair share of difficulties.
A look back through the past five years tells a turbulent tale, albeit one through which Mumtalakat, under CEO Shaikh Abdulla bin Khalifa Al Khalifa, emerges as the kind of shareholder many businesses would envy. In short, the Group has weathered the storms created by events such as the global pandemic, semiconductor shortages and delays in its automotive business, thanks to shareholders with deep pockets and a steely belief in its future.
Meanwhile, the ebb and flow of McLaren’s fortunes in F1 are well known. The decline began during the final years of the Ron Dennis era, with a catastrophic drop in performance during the ill-fated Honda partnership of
