News Details
Report: PE firm in talks to buy McLaren Technology Centre
Private equity firm TPG are reportedly in exclusive talks over the purchase of the McLaren Technology Centre in Woking, Surrey. According to the Daily Mail, the team are looking to sell the MTC on a sale-to-leaseback basis in order free up cash after suffering a £71.4 million loss in 2019. A sale-to-leaseback arrangement would allow McLaren to continuing working from the site. The team's impressive headquarters could fetch up to £180 million according to reports. McLaren is owned by Bahrain's sovereign wealth fund and secured a loan from the Bahraini government last year as its finances struggled due to the impact of the COVID-19 pandemic. Despite their financial woes over the past 18...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Haas Announces Nikita Mazepin’s Father’s Firm As...
The Haas F1 Team has announced that Uralkali, which is owned by Russian...
5y ago from Formula1News.co.uk
FIA's report on Grosjean's fiery crash
The FIA have completed their investigation into the fiery crash of Romain...
5y ago from TheParcFerme.com
Le Mans delayed until August to allow fans to attend
The Le Mans 24 Hour endurance race has been moved from its traditional...
5y ago from F1i.com
Williams unveil FW43B, first car since exit of...
Williams have launched their 2021 Formula 1 car, the FW43B, the team's...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Fabio Quartararo’s damning verdict: ‘New Yamaha M1...
No description available...
6h ago from Motorsport.com
Pedro Acosta: “Maybe it’s not my place to be”...
No description available...
7h ago from Motorsport.com
Marc Marquez expects ‘even faster’ times from 2027...
Marc Marquez has cast doubt over claims that the new 850cc MotoGP engines...
9h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
2d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
2d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
2d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC working to secure future of Safari Rally Kenya...
No description available...
1d ago from Motorsport.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
3d ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
5d ago from Motorsport.com
WRC to return to GB in 2027 as Scotland secures...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Report: £86m rival player is now highly sought by...
Arsenal and Manchester United are very interested in signing the Newcastle...
3h ago from CaughtOffside.com
Report: Newcastle to rival Arsenal in 100m move for...
Arsenal and Manchester City will have to compete with Newcastle United for...
5h ago from CaughtOffside.com
Paul Merson predicts winner of Arsenal vs Manchester...
The Carabao Cup final between Arsenal and Manchester City at Wembley is...
10h ago from SportsKeeda.com
Agent confirms Arsenal interest in attacker with 70...
Pio Esposito’s agent has confirmed that Arsenal are interested in...
11h ago from CaughtOffside.com
Comments
Hottest News
Christian Horner in ‘Aston Martin meeting’ as Newey...
Another hour, another update in the saga... Read More »
3h ago from GPFans.com
Aston Martin 'to appoint former Red Bull F1 chief' as...
Adrian Newey is set to officially step down from... Read More »
7h ago from GPFans.com
Lewis Hamilton out, Oscar Piastri's big mistake and a...
Mercedes should have replaced Lewis Hamilton with... Read More »
2h ago from GPFans.com
