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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...
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4y ago from GPFans.com
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