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
Brazil replaces Argentina as 2026 MotoGP calendar...
The 2026 MotoGP calendar has officially been released and the new season...
1d ago from MotorsportWeek.c...
Brazilian GP replaces Argentina in 2026 MotoGP calendar
No description available...
1d ago from Motorsport.com
Motegi remains on MotoGP calendar through 2030
MotoGP has officially confirmed that the Japanese Grand Prix at Motegi...
2d ago from MotorsportWeek.c...
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
4d ago from Motorsport.com
Popular On IndyCarToday.com
Pato O’Ward fastest in opening practice in Laguna...
Laguna Seca was the setting for IndyCar’s first practice session on...
2h ago from MotorsportWeek.c...
Arrow McLaren set to move into new race facility in...
Arrow McLaren has officially taken ownership of what will be its new...
1d ago from MotorsportWeek.c...
Arrow McLaren expands IndyCar operations with new...
No description available...
1d ago from Motorsport.com
Why Rinus VeeKay believes there's more to come after...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Monaco GP circuit stage in frame for WRC comeback in...
No description available...
9h ago from Motorsport.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
1w ago from Motorsport.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
4d ago from Motorsport.com
Oliver Solberg stuns with maiden WRC victory in Estonia
Oliver Solberg and Elliot Edmondson stunned the WRC elite with a...
5d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal vs Newcastle United Prediction and Betting...
Arsenal will lock horns against Newcastle United at the Singapore National...
4h ago from SportsKeeda.com
Report: Arsenal preparing a strong push to sign...
Arsenal are interested in securing the services of the Ajax defender...
6h ago from CaughtOffside.com
Viktor Gyokeres to wear iconic Arsenal jersey number...
Viktor Gyokeres will reportedly wear the jersey number 14 for Arsenal...
8h ago from SportsKeeda.com
Gyokeres gets green light to complete Arsenal £63.8m...
Viktor Gyokeres has been given clearance to complete his £63.8m move...
12h ago from SkySports.com
Comments
Hottest News
How did Antonelli's spin into the gravel trap highlight the...
Following a difficult qualifying session for... Read More »
54m ago from F1Technical.net
EXPLAINED: How the Spa-Francorchamps Corners Got Their...
After a two-week break, the F1 field has returned... Read More »
54m ago from F1Technical.net
Max Verstappen allies hold Belgian GP talks after Christian...
A number of Max Verstappen's allies have been... Read More »
3h ago from GPFans.com
