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 »
4y 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...
4y 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...
4y 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...
4y ago from GrandPrix247.com
Brown plays down McLaren funding fears
Zak Brown has dismissed talk that McLaren's intention to sell its factory...
4y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez aims to ‘mentally defeat’ rivals, not...
No description available...
5h ago from Motorsport.com
Liberty Media can’t follow its F1 play to boost...
No description available...
1d ago from Motorsport.com
Johann Zarco spends MotoGP summer break winning Suzuka...
No description available...
1d ago from Motorsport.com
Guenther Steiner finalizing purchase of Tech3 MotoGP...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
FOX Corporation acquires one-third stake in IndyCar...
No description available...
5d ago from Motorsport.com
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
6d ago from MotorsportWeek.c...
FOX acquires 33% stake in Penske Entertainment, IndyCar
Fox Corporation, parent company of broadcast company FOX Sports, has...
5d ago from MotorsportWeek.c...
Alex Palou will not play it safe in Portland to secure...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
6h ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
1d ago from Motorsport.com
Kalle Rovanpera relieved to finally achieve...
No description available...
1d ago from Motorsport.com
WRC Rally Finland: Kalle Rovanpera takes historic home...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal working to complete £20m deal with...
Arsenal have already made six summer signings and they could be set to...
1h ago from FreshArsenal.com
Arsenal latest: 'Wilshere in running for Gunners...
No description available...
2h ago from SkySports.com
Liverpool interested in signing 20-year-old star...
Liverpool have been linked with a potential move for Arsenal target Jeremy...
2h ago from SportsKeeda.com
Arsenal talent Max Dowman sums up 16-year-old Rio...
Arsenal teenager Max Dowman showed his appreciation for Liverpool's Rio...
3h ago from SportsKeeda.com
Comments
Hottest News
Axed F1 boss 'set to BUY' grand prix team
A former F1 team boss is getting ready to buy a... Read More »
5h ago from GPFans.com
The AUDACIOUS move that could see Lewis Hamilton become...
Between Lewis Hamilton’s Ferrari crunch... Read More »
4h ago from GPFans.com
Wheatley impressed by Bortoleto’s growth and ‘fantastic...
The Hungarian Grand Prix delivered a breakthrough... Read More »
1h ago from F1i.com
