News Details
Selling McLaren factory a 'good decision' - Brown
Sep.17 Zak Brown insists that selling McLaren's factory for about $350 million is a "very good decision". The American, who emerged as the famous brand's supremo in the wake of a power struggle and Ron Dennis' departure some years ago, says the money can be used more wisely. "I think most companies in the world do not own real estate themselves. They're tenants," Brown told formel.de. "We are talking about a lot of money, and it's not a very productive use of that when you're investing in your business," he added. "So we're going to sell it to someone, and then we're going to get an extremely long lease. We'll invest that money in our business to grow...
Full Story »
Full Story »
4y ago from OneStopStrategy.com
0
You May Also Be Interested In...
McLaren has resources to return to front amid plans to...
McLaren Racing CEO Zak Brown says he is confident his team has the...
4y ago from Crash.net
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
Brown: McLaren tried to get Ricciardo two years ago
McLaren CEO Zak Brown says the team tried to sign Daniel Ricciardo prior...
4y ago from GrandPrix247.com
Brown plays down McLaren funding fears
Zak Brown has dismissed talk that McLaren's intention to sell its factory...
4y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
Pirelli to hold first MotoGP test in Misano with test...
No description available...
14h ago from Motorsport.com
Watch: Motorsport takes a ride in the MotoGP safety car
No description available...
17h ago from Motorsport.com
Why Marc Marquez stressed his Ducati is identical to...
No description available...
4d ago from Motorsport.com
Takaaki Nakagami fills in for injured Luca Marini at...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Video: Harrowing crash takes out Josef Newgarden,...
No description available...
1d ago from Motorsport.com
Kirkwood relieved to be rid of ‘street course...
Until this weekend at World Wide Technology Raceway, all of Kyle...
13h ago from MotorsportWeek.c...
Rasmussen passes most cars in Sunday night’s IndyCar...
Christian Rasmussen put on a show for fans Sunday night, passing more...
16h ago from MotorsportWeek.c...
IndyCar Gateway – Race Results
The NTT IndyCar Series made a trip to the St. Louis area for the first...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
3d ago from Motorsport.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
6d ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
19-year-old star ready to join Liverpool despite...
Ajax star Jorrel Hato is open to a move to Premier League champions...
9h ago from SportsKeeda.com
Arsenal dealt blow as multiple SPL sides, including...
As per reports, Arsenal are set to face stiff competition from Cristiano...
10h ago from SportsKeeda.com
'I’d be in his bed, I’d be in his front room' -...
Rio Ferdinand has urged Viktor Gyokeres to force a transfer away from...
11h ago from SportsKeeda.com
Report: Advanced talks for Arsenal and Milan to...
AC Milan are working on a deal to sign Oleksandr Zinchenko from Arsenal,...
13h ago from FreshArsenal.com
Comments
Hottest News
Max Verstappen makes simple Red Bull demand to combat...
Max Verstappen feels one off weekend for McLaren... Read More »
53m ago from RacingNews365.com
F1 News Today: Mercedes star hit by late FIA ruling as...
A Mercedes F1 star was one of seven drivers to be... Read More »
1h ago from GPFans.com
F1 champion changes mind on title favourite after...
Has the tide firmly turned in Oscar Piastri's... Read More »
1h ago from RacingNews365.com
