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 »
10mo ago from OneStopStrategy.com 0
Share

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...
10mo 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...
10mo 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...
10mo ago from GrandPrix247.com

Brown plays down McLaren funding fears

Zak Brown has dismissed talk that McLaren's intention to sell its factory...
10mo ago from Pitpass.com

Elsewhere On The Network

Popular On MGPToday.com

Nine-times champion Valentino Rossi to retire at end...

t;li>Rossi calls time on 25-year career featuring 115 wins‘I have had...
9h ago from TheGuardian.com

Valentino Rossi to announce future? 'Exceptional press...

Nine-time world champion Valentino Rossi looks to have made a decision on...
17h ago from Crash.net

Popular On IndyCarToday.com

Power reveals he broke wrist in Dixon clash

Toronto cancellation a blessing in disguise for Power
1h ago from SpeedCafe.com

Why Nashville could be McLaughlin’s best IndyCar...

Forthcoming IndyCar Series round could be the great equaliser
6h ago from SpeedCafe.com

Off-contract Hunter-Reay addresses IndyCar future

Hunter-Reay in the midst of his worst season with Andretti Autosport to...
23h ago from SpeedCafe.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal 'failed with £17m offer for Lazio's Joaquin...

Arsenal reportedly offered £17m for Lazio attacker Joaquin Correa earlier...
4h ago from SportsMole.co.uk

Arsenal boss Mikel Arteta still wants two 'priority'...

Arsenal are reportedly hoping to have a busy end to the transfer window...
9h ago from Express.co.uk

Exclusive: Leicester City midfielder excited by...

Leicester City midfielder James Maddison has been strongly linked with a...
3h ago from CaughtOffside.com

Arsenal battling Everton for Schalke 04's Matthew...

Arsenal and Everton reportedly both register their interest in Schalke 04...
8h ago from SportsMole.co.uk

Comments

Hottest News

Alonso the "bad guy" and Rosberg chooses Red...

Fernando Alonso has clarified comments he made... Read More »
4h ago from GPFans.com

Red Bull not ‘looking good' after failed review

Red Bull did not come out of the Silverstone... Read More »
14h ago from PlanetF1.com

Formula 1 pays tribute to MotoGP legend Rossi

Formula 1 drivers past and present have been... Read More »
7h ago from PlanetF1.com

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.