F1 DEAL

Bahrain and Abu Dhabi take the wheel at F1 team McLaren Racing

Bahrain sovereign wealth fund Mumtalakat will remain the majority shareholder with Abu Dhabi-based CYVN holding a non-controlling stake

Qian Jun/Xinhua via Getty Images

McLaren's Australian driver Oscar Piastri pits during the 2025 Formula One Dutch Grand Prix at the Zandvoort Circuit in Zandvoort, near Amsterdam

Bahrain’s sovereign fund, Mumtalakat and Abu Dhabi’s CYVN Holdings became the full owners of Formula One’s McLaren Racing on Tuesday in a transaction that is reportedly valued at as much as $5 billion.

The team issued a...