News Details
McLaren to sell and lease back Woking factory
McLaren will sell their 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 Technology...
Full Story »
Full Story »
5y ago from espnF1.com
0
You May Also Be Interested In...
Zak Brown: We're not a real estate company
McLaren will sell their state-of-the-art Formula One headquarters and...
5y ago from GrandPrix247.com
McLaren has resources to return to front amid plans to...
McLaren Racing CEO Zak Brown says he is confident his team has the...
5y ago from Crash.net
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
Elsewhere On The Network
Popular On MGPToday.com
Inside Marc Marquez’s new approach to racing after...
No description available...
4h ago from Motorsport.com
‘A World Champion cannot do a mistake like that'...
Aprilia CEO Massimo Rivola admits he “would not disagree” if Jorge...
1d ago from MotorsportWeek.c...
MotoGP confirms Aragon to remain on calendar for 2027...
MotoGP has announced that Motorland Aragon will host a race in 2027,...
1d ago from MotorsportWeek.c...
Why the one-bike proposal has left the entire MotoGP...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Myles Rowe: Historic Indy NXT Win at WWTR proves ‘I...
No description available...
20h ago from Motorsport.com
Winners and losers from the IndyCar race at World Wide...
No description available...
1d ago from Motorsport.com
Josef Newgarden did not know Christian Rasmussen...
Josef Newgarden won Sunday night’s thriller at World Wide Technology...
1d ago from MotorsportWeek.c...
Official race results: IndyCar 2026 at WWT Raceway
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Loeb to make traditional stage rallying...
No description available...
1h ago from Motorsport.com
Hayden Paddon eyes WRC gravel opportunity with...
No description available...
6d ago from Motorsport.com
Hyundai drivers relieved asphalt WRC season is over...
No description available...
1w ago from Motorsport.com
Oliver Solberg highlights area he must “work on”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
22 G/A this season: Arsenal preparing offer for 50m...
Arsenal are reportedly looking to strengthen their attack with the...
3h ago from CaughtOffside.com
Episode 879 – Farcical FIFA
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
2h ago from Arseblog.com
From Italy: Arsenal make approach over potential 50m...
Arsenal are reportedly interested in Roma midfielder Manu Kone and have...
4h ago from CaughtOffside.com
Just in: Arsenal contacted by intermediaries to sign...
Arsenal have been made aware of Marcus Rashford’s availability as...
5h ago from CaughtOffside.com
Comments
Hottest News
Nico Hulkenberg calls for crucial F1 rule-change after...
Nico Hulkenberg has called for the FIA to clamp... Read More »
2h ago from MotorsportWeek.com
Engine changes and shorter races - F1 will look very...
The FIA and Formula 1 have unveiled a series of... Read More »
39m ago from GPFans.com
FIA greenlights Alpine right of review in Monaco penalty...
In a positive twist for Alpine, the FIA stewards... Read More »
1h ago from F1i.com
