News Details
Zak Brown: We're not a real estate company
McLaren will sell their state-of-the-art 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 Group appointed...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
Brown: Racing Point lost their higher performing driver
McLaren CEO Zak Brown says it is 'unfortunate' that Sergio Perez has been...
4y 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...
4y ago from GPBlog.com
Brown: "Unfortunate, because of the two drivers...
CEO of McLaren Zak Brown says Sergio Perez's exit from Racing Point is...
4y ago from GPBlog.com
AlphaTauri was helped in Italy by the 'blonde American'
AlphaTauri was given a helping hand: "I call her the 'blonde...
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Yamaha confirms its V4 will race at MotoGP San Marino...
No description available...
6d ago from Motorsport.com
Why Jorge Martin burst into tears at MotoGP Hungarian...
No description available...
3d ago from Motorsport.com
Marc Marquez: ‘My exceptional 2025 MotoGP season...
No description available...
3d ago from Motorsport.com
Pedro Acosta owns up to qualifying “mess”, admits...
No description available...
1w ago from Motorsport.com
Popular On IndyCarToday.com
Winners and Losers of the 2025 IndyCar Nashville...
No description available...
5h ago from Motorsport.com
Penske’s Josef Newgarden wins wild 2025 IndyCar...
No description available...
9h ago from Motorsport.com
Louis Foster secures 2025 IndyCar Rookie of the Year...
No description available...
7h ago from Motorsport.com
David Malukas released from hospital following IndyCar...
David Malukas has been released from the hospital after requiring medical...
8h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
12h ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
8h ago from Motorsport.com
Sebastian Ogier and Vincent Landais win inaugural...
After dropping over half a minute on the opening day to winning Rally del...
12h ago from MotorsportWeek.c...
Sebastien Ogier: Paraguay victory fight “not over”...
No description available...
22h ago from Motorsport.com
Popular On GunnersToday.com
Liverpool 1-0 Arsenal: Caution from both managers and...
Match report – Player ratings – Arteta reaction – Video...
38m ago from Arseblog.com
Report: Midfielder undergoing medical ahead of...
It's been a really busy transfer window for Arsenal and deadline day is...
7h ago from FreshArsenal.com
Player ratings: Liverpool 1-0 Arsenal
Arsenal fell to their first defeat of the season after a closely contested...
8h ago from FreshArsenal.com
Comments
Hottest News
Toto Wolff confirms Kimi Antonelli and George Russell to...
Mercedes boss Toto Wolff has disclosed that... Read More »
58m ago from MotorsportWeek.com
Max Verstappen helpless as Helmut Marko reveals 'huge' Red...
Max Verstappen secured second at Zandvoort,... Read More »
28m ago from RacingNews365.com
McLaren issue 'best of Lando' promise after 'day of pain'...
Quite obviously a bitter-sweet day for McLaren... Read More »
2h ago from RacingNews365.com
