News Details
Zak Brown: We're not a real estate company
McLaren will sell their state-of-the-art Formula One headquarters and lease it back long-term to raise cash and reduce the company's debt, the team's chief executive Zak Brown said on Saturday. The American told reporters in a Zoom call ahead of the Tuscan Grand Prix that it was a straightforward financial exercise. 'Why have all this money tied up in real estate? We're not a real estate company, we're a racing team and an automotive company,' he said of the Norman Foster-designed McLaren Technology Centre in Woking. 'We've got a lot of cash tied up in that building and that's not a very productive use of funds when you're looking to invest in your business.' The McLaren Group appointed...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
Brown: Racing Point lost their higher performing driver
McLaren CEO Zak Brown says it is 'unfortunate' that Sergio Perez has been...
4y ago from GrandPrix247.com
Brown: "Too bad, because he is the better driver...
CEO of McLaren Zak Brown says Sergio Perez's exit from Racing Point is...
4y ago from GPBlog.com
Brown: "Unfortunate, because of the two drivers...
CEO of McLaren Zak Brown says Sergio Perez's exit from Racing Point is...
4y ago from GPBlog.com
AlphaTauri was helped in Italy by the 'blonde American'
AlphaTauri was given a helping hand: "I call her the 'blonde...
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
BMW admits 2027 MotoGP entry ‘not viable’ as it...
BMW has admitted it is “not viable” for the German manufacturer to...
57m ago from MotorsportWeek.c...
Why the next contract matters more to Fabio Quartararo...
No description available...
23h ago from Motorsport.com
Honda in conundrum over Somkiat Chantra stand-in for...
No description available...
1d ago from Motorsport.com
BMW admits 2027 MotoGP entry “not viable” as it...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
11h ago from MotorsportWeek.c...
Alex Palou clinches title, becomes IndyCar’s newest...
Alex Palou is the champion of the 2025 NTT IndyCar Series, having locked...
10h ago from MotorsportWeek.c...
Will Power victorious after tense battle for the top...
IndyCar tackled the final road course of the season on Sunday, completing...
11h ago from MotorsportWeek.c...
Alex Palou is your 2025 IndyCar series champion with...
No description available...
11h ago from Motorsport.com
Popular On TotalWRC.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Kurt Busch backs WRC return to USA after first taste...
No description available...
1w ago from Motorsport.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
6d ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Jose Mourinho makes offer to sign Arsenal star; wants...
Former Premier League winning-coach Jose Mourinho wants to sign Arsenal...
1h ago from SportsKeeda.com
Sources: 100 million fee set for attacker wanted by...
The uncertainty surrounding Rodrygo’s role at Real Madrid has become one...
3h ago from CaughtOffside.com
“If we don’t sign him, just end the season”,...
Arsenal fans on social media believe Crystal Palace star Eberechi Eze has...
2h ago from SportsKeeda.com
Terms agreed: Arsenal close in on marquee signing...
Arsenal manager Mikel Arteta plans to continue his transfer business with...
2h ago from CaughtOffside.com
Comments
Hottest News
Alpine F1 star warns of 'painful' future as driver decision...
Alpine F1 star Pierre Gasly has hinted at what... Read More »
57m ago from GPFans.com
Max Verstappen leaves new Red Bull boss stunned: 'I have...
Red Bull team principal and CEO Laurent Mekies... Read More »
2h ago from RacingNews365.com
F1 racing ‘over' but other roles possible –...
Aug.11 Sebastian Vettel has firmly closed the... Read More »
27m ago from OneStopStrategy.com
