News Details
Why McLaren is selling the Technology Centre
McLaren Racing CEO Zak Brown has confirmed the McLaren Group will sell its iconic Technology Centre with a long-term lease back a part of the deal. The McLaren Group is divided into three subsidiaries; Racing, Automotive and Technology, and during the UK national lockdown in the first half of 2020, the financial struggles of the Group were well documented. Article continues under video Brown insists the sale of the MTC is a necessary step that will remove McLaren from the real estate business and free up cash to invest elsewhere. "We are going to do a traditional sales leaseback," said Brown. "I think the majority of companies in this world don’t actually own the real...
Full Story »
Full Story »
4y ago from GPFans.com
0
You May Also Be Interested In...
McLaren to sell and lease back Woking factory
McLaren will sell their Formula One headquarters and lease it back...
4y ago from espnF1.com
Zak Brown: We're not a real estate company
McLaren will sell their state-of-the-art Formula One headquarters and...
4y ago from GrandPrix247.com
McLaren's Woking headquarters up for sale
McLaren's iconic Technology Centre in Woking has been up for sale, as the...
4y ago from FormulaSpy.com
McLaren seeks to sell its Woking factory
In a bid to raise cash, McLaren is putting its £200m Woking technology...
4y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
Toprak Razgatlioglu shares MotoGP and WorldSBK...
Two-time WorldSBK champion Toprak Razgatlioglu shares his MotoGP and...
5h ago from MotorsportWeek.c...
Enea Bastianini splits with manager amid KTM MotoGP...
Enea Bastianini has split from long-term manager Carlo Pernat amid...
1d ago from MotorsportWeek.c...
Yamaha or Honda - Who has made the most progress in...
No description available...
2d ago from Motorsport.com
Jorge Martin admits 'huge challenge' to win MotoGP...
Reigning world champion Jorge Martin admits it will be a “huge...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Romain Grosjean shifts to reserve role with PREMA’s...
Romain Grosjean will not be racing as a full time driver in the NTT...
23h ago from MotorsportWeek.c...
IndyCar streaming coverage takes hit with end of Venu...
No description available...
1d ago from Motorsport.com
PREMA officially launches IndyCar program ahead of...
PREMA Racing held a kick-off event on Friday afternoon, revealing more...
1d ago from MotorsportWeek.c...
Marco Andretti secures ride for 20th Indy 500 start
Andretti Global confirmed on Tuesday that it will field a fourth car in...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Dakar 2025, Stage 6: Mini ends Toyota’s winning...
No description available...
4h ago from Motorsport.com
Dakar modifies Stage 7 route on safety grounds
No description available...
5h ago from Motorsport.com
Ogier: WRC crews “less prepared than ever” for...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Marcus Rashford's Man United future 'becomes clear'...
Marcus Rashford is allegedly not with the Manchester United squad that is...
39m ago from SportsMole.co.uk
Man United, Arsenal 'in three-team battle' to steal...
Arsenal, Manchester United and Liverpool are all competing for the...
1h ago from SportsMole.co.uk
Arsenal could submit January offer for star who is...
Arsenal are keen on signing the Barcelona defender Ronald Araujo in...
3h ago from CaughtOffside.com
Comments
Hottest News
Why Hamilton decided to change his name
It has not officially been finalised, but Lewis... Read More »
7h ago from RacingNews365.com
Geri Horner caught in cheeky exchange with RIVAL boss Wolff
Geri Halliwell-Horner was caught in a cheeky... Read More »
49m ago from GPFans.com
This is the race number Verstappen chose to drive with in...
Choosing a race number is a decision that drivers... Read More »
2h ago from GPBlog.com
