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 »
5y 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...
5y 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...
5y 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...
5y ago from FormulaSpy.com
McLaren seeks to sell its Woking factory
In a bid to raise cash, McLaren is putting its £200m Woking technology...
5y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP postpones Qatar GP to November due to Middle...
No description available...
2h ago from Motorsport.com
MotoGP announces Qatar round postponed until November
MotoGP has confirmed that Qatar's 10-12 April slot will be moved to 6-8...
2h ago from MotorsportWeek.c...
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Arlington – Qualifying Results
25 IndyCar drivers took to the track Saturday afternoon to decide the...
15h ago from MotorsportWeek.c...
Scott McLaughlin faces tough drive from last after...
No description available...
13h ago from Motorsport.com
Threat of high winds forces IndyCar to move up...
No description available...
14h ago from Motorsport.com
"Mental error" costs Kyle Kirkwood shot at...
No description available...
14h ago from Motorsport.com
Popular On TotalWRC.com
Taka-San: King of Kenya
At the 94th time of asking, Takamoto Katsuta and co-driver Aaron Johnston...
19m ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Takamoto Katsuta scores...
No description available...
29m ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
1d ago from Motorsport.com
Carnage in Kenya
Saturday in Kenya saw one of the most dramatic days in recent Safari...
20h ago from MotorsportWeek.c...
Popular On GunnersToday.com
“It’s not over. Who said that?” - Guardiola...
Manchester City boss Pep Guardiola has sent a strong message to Arsenal on...
1h ago from SportsKeeda.com
Chelsea legend John Terry says Arsenal talent Max...
Chelsea legend John Terry compared Arsenal wonderkid Max Dowman to Lionel...
1h ago from SportsKeeda.com
Man United lead race for 65m wonderkid on Arsenal,...
Manchester United are very interested in signing Assan Ouedraogo from RB...
2h ago from CaughtOffside.com
Liverpool and Arsenal in the race to sign 22-year-old...
Arsenal and Liverpool are interested in signing the FC Midtjylland winger...
2h ago from CaughtOffside.com
Comments
Hottest News
Fernando Alonso blasts latest F1 embarrassment: 'The worst...
Fernando Alonso's sharp tongue has lashed out at... Read More »
1h ago from GPFans.com
Max Verstappen delivers brutal warning to F1: 'It will come...
Max Verstappen has continued his outspoken attack... Read More »
2h ago from RacingNews365.com
McLaren launches investigation as Lando Norris/Oscar...
McLaren has revealed the cause of Lando Norris... Read More »
1h ago from MotorsportWeek.com
