Private equity group TPG is the front runner in the race to acquire the famous headquarters of the McLaren Group - from which its Formula 1 team is also based. According to Sky News, TPG - who are one of the world's biggest buyout firms - is in exclusive talks to purchase the scenic Woking site for a fee believed to be in the region of $249 million. The deal will enable McLaren to continue occupying its current home, whilst also raising money to strengthen its finances - which have been massively impacted by the COVID-19 pandemic. While the transaction could be finalised as early as next month, it isn't expected to impact the day-to-day functioning of the F1 team. McLaren head into the 2021 season full of hope and expectation, after finishing third in the constructors' standings last year. Powered this time by Mercedes engines, Zak Brown's team is expected to impress once again.
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