translated from Spanish: Coronavirus: McLaren mulls mortgage his historic Formula One cars

The coronavirus pandemic does not give an economic truce affecting small and medium-middle enterprises and also large and historic ones like McLaren. The British brand is thinking of solutions to generate resources. One of the ideas raised at McLaren is to mortgage their iconic Formula One vehicles, Sky Sports reported. To get rid of these cars is to get rid of the history achieved in The Maximum category of motorsport. The goal is to get about 310 million euros to allow McLaren to take oxygen until the activity returns. From the M23 and M26 with which Emerson Fittipaldi and James Hunt won the first world championships of the brand to the MP4-23 that gave Lewis Hamilton its first title. Also noteworthy, of course, are the legendary MP4s of the 80s and 90s with which Niki Lauda, Alain Prost, Ayrton Senna and Mika Hakkinen won.

Undoubtedly they are iconic and representative vehicles for the brand, as well as being driven by huge and legendary drivers. The economic situation in McLaren is complicated and that is why they evaluate these types of solutions. A few weeks ago they applied to the UK government for a loan of 171 million euros, which was denied by the administration. This is what has forced McLaren to think of the mortgage on his mythical cars as a partial solution to crises that is seriously lasping them up.

«Like many British businesses, McLaren has been severely affected by the current pandemic and therefore we consider different financing options to get ahead of our business in the short term,» said a spokesman for the McLaren Formula One team in the statements to the English medium. In this note:

Original source in Spanish

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