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 »
4y 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...
4y 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...
4y 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...
4y 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...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Marco Bezzecchi signs new multi-year contract with...
No description available...
1h ago from Motorsport.com
Marco Bezzecchi renews with Aprilia through to 2028...
Marco Bezzecchi has reached an agreement with Aprilia to extend his...
20m ago from MotorsportWeek.c...
Pierre Gasly invests in MotoGP with KTM Tech3 stake
Pierre Gasly has become the first active F1 driver to invest in an Moto...
15h ago from MotorsportWeek.c...
Pedro Acosta: KTM’s 2026 MotoGP bike feels...
No description available...
16h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar announces Donald Trump-backed race on National...
IndyCar has announced an inaugural race on America's National Mall,...
19h ago from MotorsportWeek.c...
Will Power: Andretti “will be the best team in the...
No description available...
1d ago from Motorsport.com
Donald Trump signs executive order confirming IndyCar...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
New WRC winter tyre expected in 2027 after Monte Carlo...
No description available...
3d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
6d ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
4d ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Merino injury blow : Madueke gets a goal : City drop...
Morning all. For fleeting period, bar the 16 year old ankle of Max Dowman,...
1h ago from Arseblog.com
After ‘leave the football before the football leaves...
Liverpool legend Jamie Carragher has backtracked from his critical...
2h ago from SportsKeeda.com
3 deadline day solutions as Arsenal look to react to...
Arsenal’s deadline-day thinking has been thrown into chaos by the injury...
8h ago from FreshArsenal.com
Papers: Arsenal weighing up Deadline Day signing after...
The top stories and transfer rumours from Monday's newspapers...
9h ago from SkySports.com
Comments
Hottest News
Schumacher ‘in own world', psychologist explains...
Feb.2 former Formula 1 driver Riccardo Patrese... Read More »
50m ago from OneStopStrategy.com
Ferrari land key F1 signing from rivals Red Bull
A key Ferrari F1 signing could be set to start... Read More »
39m ago from GPFans.com
FIA set for TWO crunch meetings on F1 2026 regulations
F1 governing body the FIA are set to hold two... Read More »
1h ago from GPFans.com
