Thursday, October 1, 2020
News McLaren Needs Money So May Put Up Its Car Collection And Offices...

McLaren Needs Money So May Put Up Its Car Collection And Offices For Collateral

McLaren may very well mortgage its Woking HQ and car collection in order to raise much-needed capital


  • McLaren is looking to raise £275 million of just over $335 million from this deal.

  • Some of the cars include ones driven by the late great Ayrton Senna.

  • This move comes following a rejected loan request from the British government.


The Coronavirus pandemic continues to rock the automotive industry. Even giants like Volkswagen have themselves forced to re-idle some plants due to near-inexistent demand. McLaren, a microscopic supercar company, by comparison, is also in trouble. In order to raise between £250- and £275 million in capital, the car company is seriously thinking about putting up its beautiful Woking HQ and its incredibly valuable car collection up as collateral.

1994 McLaren F1 'LM-Specification'
1994 McLaren F1 ‘LM-Specification’ | Photo: RM Sotheby’s

Back in March, the company’s shareholders injected £300 million into the company but the effects of the world pandemic are severe. McLaren also attempted to secure a £150 million loan from the government but it was rejected.

McLaren’s headquarters, which cost upwards of £300 million to build, is said to be worth roughly £200 million. The more interesting aspect, by far, is the incredibly valuable car collection which has been evaluated at more than £250 million. Some of the cars in the collection were driven by Ayrton Senna, others include gems like a P1 GTR and a few F1s – some of these cars are worth ten of millions of pounds.

This is what $85 million worth of McLarens looks like

According to the story from Sky News, “The funds would then be repaid “at the earliest opportunity” when revenues recover to normal levels, they added.”

We can’t help but feel a little buggered by this situation.

McLaren P1 | Photo: McLaren

McLaren Senna Can-Am Edition | Photo: Olivier Delorme

Trending Now

2021 Audi RS 5 Coupe And Sportback Are Updated And Priced From $75,100 In The US

The exterior now sports a more aggressive presence. There will be new Ascari and Black optic launch editions. RS 5 will include a...

Tesla’s Expansion Plans Could Include A Minivan And A $25,000 Car

That’s right, a minivan, which could come after the Cybertruck. The $25,000 sub-Model 3 is about three years away. The Model S is...

Next-Generation 2022 Honda Civic Revealed In Patent Images

This will be the 11th generation of the Honda Civic. Design-wise, it’s far more subdued than the current car. There are Honda Accord...

The Ferrari Omologata Project Is A Bespoke GT

The Omologata is a one-off coach-built Ferrari. It is based on the 812 Superfast. The project took two years to complete. For 99.99% of...

More Possible Ford Bronco Warthog Spy Shots Published By Ford

Ford has published spy shots of its own upcoming performance version of the Ford Bronco on its Twitter account The tweet has many...
Matt St-Pierre
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.