News Details
Report: PE firm in talks to buy McLaren Technology Centre
Private equity firm TPG are reportedly in exclusive talks over the purchase of the McLaren Technology Centre in Woking, Surrey. According to the Daily Mail, the team are looking to sell the MTC on a sale-to-leaseback basis in order free up cash after suffering a £71.4 million loss in 2019. A sale-to-leaseback arrangement would allow McLaren to continuing working from the site. The team's impressive headquarters could fetch up to £180 million according to reports. McLaren is owned by Bahrain's sovereign wealth fund and secured a loan from the Bahraini government last year as its finances struggled due to the impact of the COVID-19 pandemic. Despite their financial woes over the past 18...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
Haas Announces Nikita Mazepin’s Father’s Firm As...
The Haas F1 Team has announced that Uralkali, which is owned by Russian...
4y ago from Formula1News.co.uk
FIA's report on Grosjean's fiery crash
The FIA have completed their investigation into the fiery crash of Romain...
4y ago from TheParcFerme.com
Le Mans delayed until August to allow fans to attend
The Le Mans 24 Hour endurance race has been moved from its traditional...
4y ago from F1i.com
Williams unveil FW43B, first car since exit of...
Williams have launched their 2021 Formula 1 car, the FW43B, the team's...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Max Biaggi: Aprilia 'not scared by any track' after...
No description available...
22h ago from Motorsport.com
The MotoGP changes Liberty Media should make,...
No description available...
1d ago from Motorsport.com
Fabio Quartararo reveals MotoGP moment that felt...
No description available...
2d ago from Motorsport.com
Fermin Aldeguer suffers fracture in MotoGP training...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Ranking IndyCar’s rising stars to watch in 2026
No description available...
1d ago from Motorsport.com
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
3d ago from MotorsportWeek.c...
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
3d ago from MotorsportWeek.c...
Power completes “very good” first outing with...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Could time bonuses solve the “yo-yo effect” at the...
No description available...
19h ago from Motorsport.com
Dakar 2026, Stage 7: Mattias Ekstrom wins stage after...
No description available...
21h ago from Motorsport.com
Tyre Lottery at the 2026 Dakar Rally: What’s going...
No description available...
1d ago from Motorsport.com
Why M-Sport has faith in youth over experience WRC...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
FA Cup third round: 10 talking points from the...
stal Palace’s stars wilt, Manchester City’s youngsters shine, and Liam...
2h ago from TheGuardian.com
Arsenal make key appointment who helped Liverpool win...
Arsenal have taken another bold step in their pursuit of Premier League...
3h ago from CaughtOffside.com
Portsmouth 1-4 Arsenal: Martinelli hat-trick sends...
Match report – Player ratings – Arteta reaction – Quotes...
2h ago from Arseblog.com
“If I say too much, drug testers will come” -...
Former Manchester United striker Danny Welbeck had a humorous response to...
4h ago from SportsKeeda.com
Comments
Hottest News
No more Mr. Nice Guy: Hill urges Piastri to get tough in...
Oscar Piastri spent much of last year playing the... Read More »
59m ago from F1i.com
Wittich ‘still doesn't know' why FIA sacked him
Jan.12 Former Formula 1 race director Niels... Read More »
1h ago from OneStopStrategy.com
Sergio Perez criticised after latest Red Bull complaints
Sergio Perez, since leaving Red Bull, has spoken... Read More »
59m ago from RacingNews365.com
