Saudi Arabia's sovereign wealth fund is selling its stake in McLaren in a deal that will reinforce Bahrain's status as the company's biggest shareholder
Mumtalakat's own deep pockets are likely to be called on again as McLaren strengthens its balance sheet in the coming months.
It emerged late last year that Mumtalakat had acquired part of McLaren's valuable heritage car collection as part of a further £100m financial commitment to the business. During the COVID-19 pandemic, the company was forced into a far-reaching restructuring that saw hundreds of jobs axed and substantial sums raised in equity and debt to repair its balance sheet.
Mr Walsh has also overseen the sale of a stake in McLaren Racing to a separate group of investors, as well as a £170m sale-and-leaseback of its spectacular Surrey headquarters.
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