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Brown: McLaren now 'financially healthy' after 2020 woes
McLaren Racing boss Zak Brown says the Woking-based outfit is now safe and sound financially after facing some tough economic challenges in 2020. The McLaren Group as whole was forced to recapitalize itself last year as a result of the global pandemic seriously impacting its automotive sales. But its racing entity had had already refreshed its financial base in late December of 2020 thanks to a sale and leaseback of its McLaren Technology Center and a sale of a significant minority stake to US-based sports investment group MSP Sports Capital which also brought its expertise to the deal. Over twelve months on, McLaren Racing now has a solid financial foundation on which to continue to build...
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