Bojan Vrbnjak
Also a group McLaren found itself in the coronavirus crisis in financial difficulties. In the first quarter of this year, they recorded loss of € 148 million. As part of a new assignment, he wants to McLaren its headquarters in Woking and a historical collection of race cars loaded with mortgage. According to British financial experts a collection of McLaren race cars rated at £ 250 million, factory on 200 million.
McLaren in court
Because so far creditors they do not agree with this step, she agreed McLaren sent to court. We can understand from the court documents that he must McLaren do July 17, 2020 to find new current assetsto fulfill all obligations. There is also talk in these documents to make additional £ 280 million ensure the survival of the group McLaren in 2021. Let us remember that McLaren due to the coronavirus crisis demanded a loan from the British government in the amount of £ 150 million, which was rejected. Presumably because the Ministry of Economic Affairs, Energy and Industrial Strategy believes it has McLaren group alternative funding option.
It's March this year mumtalakat - applicant of the kingdom Bahrain - collected 337,2 millionto support equity in the McLaren Group. Current ownership structure groups look like this: mumtalakat has 56,4%, TAG group od Mansoura Ojjeh from Saudi Arabia 14,32%, Nidala Ltd. (Michael Latifi, father of Nicholas Latifi, Williams racer) 9,84%, Favorita Ltd. 5,78%, Perlman Investments 5,77%, McCall Holdings 5,24% Acanitt Ltd. 2,65%.
1.200 people will lose their jobs
The Mclaren Group, which is composed and companies sports cars, of the Formula One team 1 in technical company, had to lay off a huge number of employees - both due to the coronavirus crisis and the forthcoming budget ceilings in Formula 1. The group employs around 4.000 ljudi in the three areas listed above. They will fire around 1.200 ljudi, because the sports car market collapsed during the crisis. Due to the budget ceiling in Formulas 1, will have to say goodbye to the racing team 70 ljudi.
Paul walsh, Executive Director McLaren Group, is for colleagues from Sky News said: “We are facing great challenges. We have already made dramatic cost savings in all business areas. We deeply regret that we are forced to take further steps. We tried for a long time so that we would not have to take this path. But now we have no choice but to reduce the number of employees."
