News Details
Report: PE firm in talks to buy McLaren Technology Centre
Private equity firm TPG are reportedly in exclusive talks over the purchase of the McLaren Technology Centre in Woking, Surrey. According to the Daily Mail, the team are looking to sell the MTC on a sale-to-leaseback basis in order free up cash after suffering a £71.4 million loss in 2019. A sale-to-leaseback arrangement would allow McLaren to continuing working from the site. The team's impressive headquarters could fetch up to £180 million according to reports. McLaren is owned by Bahrain's sovereign wealth fund and secured a loan from the Bahraini government last year as its finances struggled due to the impact of the COVID-19 pandemic. Despite their financial woes over the past 18...
Full Story »
Full Story »
3y ago from GrandPrix247.com
0
You May Also Be Interested In...
Haas Announces Nikita Mazepin’s Father’s Firm As...
The Haas F1 Team has announced that Uralkali, which is owned by Russian...
3y ago from Formula1News.co.uk
FIA's report on Grosjean's fiery crash
The FIA have completed their investigation into the fiery crash of Romain...
3y ago from TheParcFerme.com
Le Mans delayed until August to allow fans to attend
The Le Mans 24 Hour endurance race has been moved from its traditional...
3y ago from F1i.com
Williams unveil FW43B, first car since exit of...
Williams have launched their 2021 Formula 1 car, the FW43B, the team's...
3y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Bagnaia: Not wanting Marquez as a team-mate claims are...
Francesco Bagnaia has spoken out against critics who have claimed that the...
8h ago from MotorsportWeek.c...
Bagnaia: Claims I don't want Marquez as 2025 MotoGP...
No description available...
14h ago from Motorsport.com
Zarco says outburst at Jerez MotoGP stewards was...
No description available...
13h ago from Motorsport.com
2027 MotoGP rules "will make riders' lives more...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
Lundqvist still trying to “find the sweet spot”...
No description available...
1d ago from Motorsport.com
Abel ends Indy 500 entry hopes, cites funding as cause
Abel Motorsports will not be fielding a car in this year’s Indianapolis...
6d ago from MotorsportWeek.c...
American flag livery returns for AJ Foyt Indy 500 entry
AJ Foyt Racing announced Wednesday that it is bringing its popular...
1w ago from MotorsportWeek.c...
Power admits "it's not ideal" losing two key...
No description available...
7h ago from Motorsport.com
Popular On TotalWRC.com
WRC Portugal: Neuville tames Super Special to claim...
No description available...
9h ago from Motorsport.com
Toyota not “expecting too many changes” to WRC...
No description available...
15h ago from Motorsport.com
Thierry Neuville takes early WRC Portugal lead
Thierry Neuville set the quickest time around the 2.94km opening stage of...
9h ago from MotorsportWeek.c...
WRC drivers expect Portugal to deliver "most...
No description available...
13h ago from Motorsport.com
Popular On GunnersToday.com
Former Manchester United defender urges Gareth...
No description available...
3h ago from SportsKeeda.com
'Think that’s what we lack' - Pundit believes...
No description available...
8h ago from SportsKeeda.com
'Should wipe the floor with them at Old Trafford' -...
No description available...
8h ago from SportsKeeda.com
Chelsea Transfer News Roundup: Blues plot swap deal...
No description available...
8h ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Ricciardo makes shock move as F1 team...
Daniel Ricciardo is reportedly involved in a new... Read More »
1h ago from GPFans.com
Red Bull and Horner hit with work culture jab: 'A lot of...
Zak Brown has aimed another shot at Red Bull as... Read More »
39m ago from RacingNews365.com
Ricciardo makes shock move away from F1
Daniel Ricciardo is reportedly involved in a new... Read More »
9h ago from GPFans.com