After the official announcement of McLaren joining Extreme E in 2022, speculations have grown up around McLaren also announcing a commitment to Formula E’s third-gen. Zak Brown cooled the rumors down saying that commitment to other series is still “under review”.
It is now official information, McLaren will participate in the Extreme E championship as of 2022. After having been around the negotiation table with Alejandro Agag, founder of both the Extreme E and Formula E championship, and knowing that McLaren already has a reserved spot in case they wanted to enter FE for the Gen 3 of the championship, rumors of the Woking-based team entering the electric single-seater competition have taken a bigger dimension.
McLaren was the official Formula E battery supplier for the second generation of the sport and was, therefore, forbidden to join the championship for equity concerns. However, Williams was given the opportunity to take over the supplying role for Gen 3, unlocking McLaren’s possibility of joining the series as soon as the new generation will officially take off.
Although he emphasized that McLaren is currently in excellent financial shape, thanks to a loan from the National Bank of Bahrain and the recent resale of their technology center, Brown pointed out that the British company is still in the process of judging different factors before announcing their final decision concerning the possible expansion of their racing presence. Moreover, the American also admitted having great interest in endurance racing and is also considering a WEC entry with McLaren in a near future.
“The strength of McLaren racing is very good and it’s very exciting times here,” Brown said.
“100% our financial situation at McLaren Racing is extremely strong.”
“Of course, we have to be very diligent and get a return on investment anywhere we’re spending money.”
“All the different racing series have different attributes, different reasons, and rationale as to why they may or may not fit within the McLaren Racing portfolio.”
“We want to get this [Extreme E] announcement out there and see what activity it creates with our fans and in the marketplace.”
“But yes, we are financially very healthy, which is allowing our competitiveness in Formula 1, has allowed us to look in the IndyCar, that’s allowed us to enter into Extreme E.”
“We’ve not taken a decision yet on those other series.”
“So WEC and Formula E remain under review, and we anticipate having some direction on both of those later in the year.”