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
Jerez hosts three days of private MotoGP testing with...
No description available...
9h ago from Motorsport.com
Aprilia boss on calming Marco Bezzecchi: ‘He’s...
No description available...
12h ago from Motorsport.com
Pedro Acosta leads MotoGP standings after opener –...
No description available...
1d ago from Motorsport.com
How Raul Fernandez is chasing his next MotoGP contract
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar reveals track design for Washington D.C. event
IndyCar has revealed the track design for the newly-added event in...
8h ago from MotorsportWeek.c...
Washington D.C. IndyCar track layout and event logo...
No description available...
8h ago from Motorsport.com
David Malukas’ Penske poise earns accolades from...
After just two races with Team Penske under his belt, David Malukas is...
10h ago from MotorsportWeek.c...
Pit stop mishap hinders Mick Schumacher in oval debut
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai's WRC upgrade plan to close the gap to Toyota
No description available...
8h ago from Motorsport.com
Why Hyundai WRC team is "working at 120 per...
No description available...
4d ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
6d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Bayer Leverkusen vs Arsenal Prediction and Betting...
Bayer Leverkusen welcome Arsenal for the first leg of their UEFA Champions...
5h ago from SportsKeeda.com
FA Cup quarter-final draw: Man City face Liverpool
Manchester City have been drawn against Liverpool in the FA Cup...
5h ago from SkySports.com
'He's dangerous for society' – Patrice Evra labels...
Manchester United legend Patrice Evra has suggested that former Arsenal...
9h ago from SportsKeeda.com
Why do so many people want Arsenal to fail in the...
leaders haven’t won the title in more than 20 years. Yet very few...
10h ago from TheGuardian.com
Comments
Hottest News
Max Verstappen rages at F1 driver leaking private...
Max Versappen is not best pleased with one of his... Read More »
6h ago from GPFans.com
F1: FIA to act on energy management before Japan?
There is growing speculation that the FIA will... Read More »
8h ago from Pitpass.com
Lewis Hamilton gets major F1 boost as aggressive Ferrari...
Ferrari came out fighting when the 2026 F1 season... Read More »
3h ago from GPFans.com
