Bojan Vrbnjak
Apparently the group intends McLaren sell factory in Wokingto come up with fresh capital. So reports the British Sky News in the story of an established business journalist Mark Kleinman. The British company is working on the so-called "Sale-and-lease-back”(Sale and lease) a business that could generate up to 220 million euros of capital.
Mentioned Model in the business world it is not an unusual way raising capital. Simply put, this means nothing more than sale of the factory to a new owner for a certain amount. As a result, the new owner rents out the property. Yes McLaren it needs capital to be able to stay competitive for a long time no secret.
Within the latter refinancing plans a recent loan was taken out 165 million pri National Bank of Bahrain. It is at the beginning of the coronavirus crisis McLaren announced that he would have to forgive 1.200 employees, of which 70 in the Formula 1 team. Shareholders managed by the state fund mumtalakat the royal family of Bahrain, have invested around € 330 million in this company.
Will another traditional team be sold after Williams?
It is now McLaren, so Sky News, hired a financial institution Goldman Sachs in HBSCto develop a capital raising strategy for the purpose of reprogramming. In "Sale-and-lease-back”Business is part of that strategy. They authorized a real estate agency to sell the factory Colliers international. By the group McLaren emphasize that this measure will have no effect on business days. And real estate in Woking should be "an iconic building with world-class status that will remain our home in the future,”A McLarn spokesman told Sky News. Furthermore McLaren also thinks about partial sales of the Formula 1 team.
Recall that the last is family Williams sold its racing team to the company Dorlinton Capital and thus earned more than 150 million.
