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 »
5y 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...
5y 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...
5y 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...
5y ago from FormulaSpy.com
McLaren seeks to sell its Woking factory
In a bid to raise cash, McLaren is putting its £200m Woking technology...
5y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
Why MotoGP hails 2025 season as a...
MotoGP promoter Dorna Sports has described the conclusion of the 2025...
10h ago from MotorsportWeek.c...
Honda wouldn’t even be in top 10 without mid-year...
No description available...
11h ago from Motorsport.com
Marc Marquez propels MotoGP to record figures in 2025
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
6h ago from Motorsport.com
FOX Sports, IndyCar reveal broadcast schedule for 2026...
No description available...
1d ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
2d ago from Motorsport.com
IndyCar boss Doug Boles explains new officiating system
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Gregoire Munster to contest Dakar Rally and WRC Monte...
No description available...
9h ago from Motorsport.com
Toyota brings Corolla back to rallying with all-new...
No description available...
13h ago from Motorsport.com
Does Martins Sesks have a future with M-Sport in WRC?
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta admits long-term future at Arsenal...
t;li>Spaniard approaches sixth anniversary in chargeArteta ‘has to...
1h ago from TheGuardian.com
Premier League news: Guardiola dismisses exit talk and...
No description available...
6h ago from TheGuardian.com
'It has to be this year' - Thierry Henry sends PL...
Arsenal legend Thierry Henry has told club manager Mikel Arteta to avoid...
8h ago from SportsKeeda.com
Paul Merson predicts Tottenham vs Liverpool, Everton...
No Mohamed Salah discussions in the Premier League this weekend because...
10h ago from SportsKeeda.com
Comments
Hottest News
Mercedes reveal how 'new era' of F1 cars will sound in 2026
Mercedes have revealed the first taste of their... Read More »
2h ago from GPFans.com
Ferrari F1 boss hints at Lewis Hamilton reshuffle in 2026
Ferrari F1 team principal Fred Vasseur has... Read More »
4h ago from GPFans.com
Why the FIA is already facing controversy surrounding...
F1 is edging towards its first major dispute of... Read More »
4h ago from MotorsportWeek.com
