[Auto] McLaren plans to mortgage its collection of historic cars and, incidentally, its facilities

[Dr.Drako]

This as a measure to overcome the economic crisis.
 

Faced with the adversities of the Covid-19 coronavirus pandemic, the McLaren Group is considering various financing options, including mortgaging some of its assets.

According to Sky News, McLaren Group aims to raise money to overcome the global financial crisis by pawning its headquarters located in Woking, UK, and an extensive collection of race cars, which is listed as one of the most valuable in the world.

By putting the historic facilities and cars into service, McLaren aims to raise more than 300 million euros, which would be used to face the economic impact that the pandemic is causing.
 

According to the British media, this McLaren mortgage measure came after the British government denied him a loan of 150 million euros in mid-March 2020.

Regarding McLaren's collection of race cars, they are said to be priced at tens of millions of pounds each - some were driven by Ayrton Senna, the former F1 world champion, and Bruce McLaren, founder of the company - which when added together they give a value of more than 280 million euros.
 

McLaren's Woking facility is also estimated to be worth more than € 225 million independently.

Currently, the McLaren Group, which includes the car manufacturing, motorsports division and technology department, employs 3,700 people, of whom 850 work for the Formula 1 team.

Edited May 19, 2020 by YaKuZa--BoSs
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