P1racenews AI automatic summary:
McLaren was ‘a month or two away’ from going bust – Brown
McLaren CEO Zak Brown revealed the team was on the brink of going out of business due to financial troubles. Despite facing severe challenges, McLaren has made a remarkable recovery on track and financially. To get out of the abyss, various measures were implemented, resulting in the team being on the verge of securing its first constructors’ title since 1998. Brown experienced the biggest crisis of his career two years into his role. The team had its worst year and lacked leadership, facing a disgruntled workforce. McLaren was saved from bankruptcy through strategic actions such as staff redundancies and asset sales. Brown’s inner belief and strategic partnerships helped McLaren overcome financial turmoil and achieve profitability.
