News Details
Zak Brown: We're not a real estate company
McLaren will sell their state-of-the-art Formula One headquarters and lease it back long-term to raise cash and reduce the company's debt, the team's chief executive Zak Brown said on Saturday. The American told reporters in a Zoom call ahead of the Tuscan Grand Prix that it was a straightforward financial exercise. 'Why have all this money tied up in real estate? We're not a real estate company, we're a racing team and an automotive company,' he said of the Norman Foster-designed McLaren Technology Centre in Woking. 'We've got a lot of cash tied up in that building and that's not a very productive use of funds when you're looking to invest in your business.' The McLaren Group appointed...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Brown: Racing Point lost their higher performing driver
McLaren CEO Zak Brown says it is 'unfortunate' that Sergio Perez has been...
5y ago from GrandPrix247.com
Brown: "Too bad, because he is the better driver...
CEO of McLaren Zak Brown says Sergio Perez's exit from Racing Point is...
5y ago from GPBlog.com
Brown: "Unfortunate, because of the two drivers...
CEO of McLaren Zak Brown says Sergio Perez's exit from Racing Point is...
5y ago from GPBlog.com
AlphaTauri was helped in Italy by the 'blonde American'
AlphaTauri was given a helping hand: "I call her the 'blonde...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP announces Qatar round postponed until November
MotoGP has confirmed that Qatar's 10-12 April slot will be moved to 6-8...
18h ago from MotorsportWeek.c...
MotoGP postpones Qatar GP to November due to Middle...
No description available...
19h ago from Motorsport.com
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Rough and tumble weekend dampens Josef Newgarden’s...
Josef Newgarden came into IndyCar's Arlington GP weekend on a high,...
5h ago from MotorsportWeek.c...
Kirkwood "currently the biggest threat" to...
No description available...
7h ago from Motorsport.com
Official race results: 2026 IndyCar Grand Prix of...
No description available...
10h ago from Motorsport.com
Alex Palou “never felt safe” during Grand Prix of...
No description available...
8h ago from Motorsport.com
Popular On TotalWRC.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
10h ago from Motorsport.com
“Proud” Ott Tanak, Kalle Rovanpera lead praise of...
No description available...
14h ago from Motorsport.com
WRC Safari Rally Kenya: Takamoto Katsuta scores...
No description available...
17h ago from Motorsport.com
Taka-San: King of Kenya
At the 94th time of asking, Takamoto Katsuta and co-driver Aaron Johnston...
16h ago from MotorsportWeek.c...
Popular On GunnersToday.com
John Terry claims Arsenal have a player who reminds...
John Terry has claimed that Arsenal wonderkid Max Dowman reminds him of...
5h ago from CaughtOffside.com
10 youngest goal scorers in Premier League as Arsenal...
On March 14, 2026, Arsenal prodigy Max Dowman etched his name into the...
8h ago from SportsKeeda.com
Arsenal hero Thierry Henry sums up feeling of watching...
Arsenal legend Thierry Henry has revealed his reaction to teenage...
12h ago from SportsKeeda.com
“It’s not over. Who said that?” - Guardiola...
Manchester City boss Pep Guardiola has sent a strong message to Arsenal on...
17h ago from SportsKeeda.com
Comments
Hottest News
Vasseur admits Ferrari 'are still a long way off Mercedes'
Ferrari delivered one of the standout... Read More »
56m ago from F1Technical.net
Honda issue statement on Aston Martin 'excuse' after double...
Honda have reacted to yet another DNF for both... Read More »
9h ago from GPFans.com
What's behind Red Bull's disastrous showing in Shanghai?
Red Bull faced one of their most challenging... Read More »
3h ago from F1Technical.net
