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 »
5y 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...
5y 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...
5y 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...
5y ago from GPBlog.com
AlphaTauri was helped in Italy by the 'blonde American'
AlphaTauri was given a helping hand: "I call her the 'blonde...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Sepang test: Marc Marquez tops Day 1 as Fabio...
No description available...
19h ago from Motorsport.com
Jorge Martin explains post-season surgeries: 'I...
No description available...
12h ago from Motorsport.com
Why KTM riders see encouraging signs after first day...
No description available...
15h ago from Motorsport.com
MotoGP Sepang test: Schedule, entry list and how to...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher adjusting to life in IndyCar as maiden...
No description available...
10h ago from Motorsport.com
Reigning IndyCar champion Alex Palou gets new livery...
Chip Ganassi Racing has revealed a new livery for the #10 entry ahead of...
13h ago from MotorsportWeek.c...
IndyCar legend Dario Franchitti to race NASCAR Truck...
No description available...
14h ago from Motorsport.com
IndyCar, Monumental Sports & Entertainment partner for...
No description available...
14h ago from Motorsport.com
Popular On TotalWRC.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
17h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
1w ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
'Can't believe what I've just watched' - Paul Merson...
Paul Merson has slammed Chelsea's approach in their EFL Cup semi-final...
46m ago from SportsKeeda.com
'That's the reality' - Liam Rosenior reveals reason...
Chelsea manager Liam Rosenior has revealed that their plan was not to...
36m ago from SportsKeeda.com
Redknapp: Arsenal can win two or three trophies
Jamie Redknapp backed Arsenal to win "two or three" trophies...
6h ago from SkySports.com
Quadruple-chasing Arsenal can dream a micromanaged...
ir season has now reached a point of pre-ignition, where the highly...
6h ago from TheGuardian.com
Comments
Hottest News
Lewis Hamilton record-breaking eighth F1 title possible...
Lewis Hamilton is about to embark on his 20th... Read More »
26m ago from RacingNews365.com
Adrian Newey makes ‘last minute' revelation about...
Adrian Newey has revealed that a number of... Read More »
12h ago from MotorsportWeek.com
What Kelly Piquet put on her jacket potato, you are not...
What screams wealth to you? A place in Monaco? A... Read More »
8h ago from GPFans.com
