cancel
Showing results for 
Search instead for 
Did you mean: 

McLaren may mortgage its race car collection and headquarters

McLaren Automotive is facing major challenges as it weathers the economic consequences of this global pandemic, but the McLaren Racing Formula 1 team seems to be in even bigger trouble. The F1 team’s struggles could push the whole McLaren Group to make some dire decisions to keep business afloat; as Sky News reported last, British ministers have already rejected a request from McLaren for a £150 million ($182M) government loan. What’s next for McLaren could get ugly, especially if you’re fond of the brand’s heritage race cars.

 

Read the full article on Hagerty.com:

https://www.hagerty.com/media/news/mclaren-may-mortgage-its-race-car-collection-and-headquarters/

Replies (1)

Replies (1)

"I need a 182M loan"

 

"You have approximately 300M in old cars you are not using and a building that is worth 200M."

 

"Heh. Can't blame me for trying?"

Detailer