News Details
Selling McLaren factory a 'good decision' - Brown
Sep.17 Zak Brown insists that selling McLaren's factory for about $350 million is a "very good decision". The American, who emerged as the famous brand's supremo in the wake of a power struggle and Ron Dennis' departure some years ago, says the money can be used more wisely. "I think most companies in the world do not own real estate themselves. They're tenants," Brown told formel.de. "We are talking about a lot of money, and it's not a very productive use of that when you're investing in your business," he added. "So we're going to sell it to someone, and then we're going to get an extremely long lease. We'll invest that money in our business to grow...
Full Story »
Full Story »
5y ago from OneStopStrategy.com
0
You May Also Be Interested In...
McLaren has resources to return to front amid plans to...
McLaren Racing CEO Zak Brown says he is confident his team has the...
5y ago from Crash.net
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
Brown: McLaren tried to get Ricciardo two years ago
McLaren CEO Zak Brown says the team tried to sign Daniel Ricciardo prior...
5y ago from GrandPrix247.com
Brown plays down McLaren funding fears
Zak Brown has dismissed talk that McLaren's intention to sell its factory...
5y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta to race for Ducati in 2027 alongside Marc...
No description available...
21h ago from Motorsport.com
Pierre Gasly buys shares in the Tech3 MotoGP team
No description available...
17h ago from Motorsport.com
Toprak Razgatlioglu: MotoGP's newest superstar
On one fateful day, June 10, 2025, news finally broke that would mark one...
22h ago from MotorsportWeek.c...
Exclusive: Honda signs Fabio Quartararo for 2027...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Freedom 250 will be "economic benefit” to...
No description available...
13h ago from Motorsport.com
Donald Trump signs executive order confirming IndyCar...
No description available...
15h ago from Motorsport.com
Cindric returns to Team Penske for 2026 as...
No description available...
1d ago from Motorsport.com
Tim Cindric returns to Penske in race strategist role
Team Penske has announced the strategist line-up for its 2026 IndyCar...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
New WRC winter tyre expected in 2027 after Monte Carlo...
No description available...
1d ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
2d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
4d ago from Motorsport.com
Rally USA return edges closer for 2027 as WRC plans...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal very serious about signing midfield gem as Man...
Lille midfielder Ayyoub Bouaddi has been linked with a move away from the...
1h ago from CaughtOffside.com
Leeds preview: Change it around to try and find the...
Morning all. It's now 28 days since Arsenal last won a Premier League...
1h ago from Arseblog.com
Supercomputer predicts winner of Champions League from...
A supercomputer has predicted how the likes of Arsenal, Real Madrid,...
3h ago from SportsKeeda.com
YouTuber and Arsenal fan KSI names manager Gunners...
Popular YouTuber and Arsenal fan KSI has named Cesc Fabregas as an...
2h ago from SportsKeeda.com
Comments
Hottest News
TECH: Why the design of the SF-26 signals a continuation in...
Under pressure to deliver in F1 in 2026, the... Read More »
1h ago from MotorsportWeek.com
Verstappen: Red Bull engine ‘still a work in progress’
Max Verstappen concluded his final day of running... Read More »
31m ago from F1i.com
Mercedes reveal Bahrain test insight after successful...
Mercedes enjoyed a highly successful shakedown... Read More »
40m ago from RacingNews365.com
