McLaren receives £300m.......
Discussion
I thought they had when Lee Noble left things and it dried up until the M600 came out. To be fair with the amount of M600's sold they may as well pack up.
I guess the point I wanted to make is they had one successful car the M12/M400 and the values of these are really strong now. Supply and demand, McLaren has over supplied and kind of killed itself. By all accounts the cars are brilliant but you've got to really want one to be able to stomach the depreciation. If Mclaren go bust I predict the values would firm up as the cars themselves stand up from a design and engineering point of view.
I guess the point I wanted to make is they had one successful car the M12/M400 and the values of these are really strong now. Supply and demand, McLaren has over supplied and kind of killed itself. By all accounts the cars are brilliant but you've got to really want one to be able to stomach the depreciation. If Mclaren go bust I predict the values would firm up as the cars themselves stand up from a design and engineering point of view.
jhoneyball said:
Would that include the car production facility or "just" the HQ?
They already have debt in the form of bonds and a “Super Senior Bank Facility” the latter will definitely have security and the former may well do. Likely that the manufacturing facility is already pledged. And Tesla is $800 a share even now , sadly another good English design with mediocre business acumen . Should have come in as the future , been EV from the start , not just using the old formula and trying to do it better . Now post CV many others follow the path to oblivion along the ICE road . Yes I love my iCE car that does 5 mpg , but things change
Ferruccio said:
The equity is likely worthless.
It’s providing the working capital required and dealing with the debt that’s the issue.
Well. If McLaren goes belly up, debt will vanish. It’s providing the working capital required and dealing with the debt that’s the issue.
Then if he buys back the automotive part its a very much smaller part than ML in total.
Wisely managed with the customer in focus it can work much better.
MclaesLaren said:
Ferruccio said:
The equity is likely worthless.
It’s providing the working capital required and dealing with the debt that’s the issue.
Well. If McLaren goes belly up, debt will vanish. It’s providing the working capital required and dealing with the debt that’s the issue.
Then if he buys back the automotive part its a very much smaller part than ML in total.
Wisely managed with the customer in focus it can work much better.
flemke said:
Debt would not 'vanish'. Creditors would have a claim on the physical and intangible assets, which would be sold to the highest bidder(s). Mumtalakat is a major creditor as well as the majority shareholder. With many hundreds of millions invested already, it would be surprising if they were to throw in the towel now. A restructuring - maybe.
You are correct. I more or less ment that the outcome for Ron Dennis migth be he could gather the licensing, plant, brand name etc in a package good enough for manufacturing road cars. He could move the factory to a smaller premise as well. Norman Foster would disagree, but for business and cashflow it migth be a better roadmap. MclaesLaren said:
flemke said:
Debt would not 'vanish'. Creditors would have a claim on the physical and intangible assets, which would be sold to the highest bidder(s). Mumtalakat is a major creditor as well as the majority shareholder. With many hundreds of millions invested already, it would be surprising if they were to throw in the towel now. A restructuring - maybe.
You are correct. I more or less ment that the outcome for Ron Dennis migth be he could gather the licensing, plant, brand name etc in a package good enough for manufacturing road cars. He could move the factory to a smaller premise as well. Norman Foster would disagree, but for business and cashflow it migth be a better roadmap. McLaren is very personal to him and I can see him doing something like this.
https://www.bbc.co.uk/sport/formula1/38000198
In this article, it explains his downfall and how he was pushed out of the company which he had once owned and built up great success in. He fell out with his long standing business partner. His challenging personality probably had a hand in that.
His "OCD" personality would suggest that he probably would have wanted to slowly build the car brand with prestige image and limited supply. The other partners probably felt this is not conducive to their pockets and wanted to go aggressive to gain quicker returns at the risk of over supply.
leef44 said:
I reckon you may be on to something there.
McLaren is very personal to him and I can see him doing something like this.
https://www.bbc.co.uk/sport/formula1/38000198
In this article, it explains his downfall and how he was pushed out of the company which he had once owned and built up great success in. He fell out with his long standing business partner. His challenging personality probably had a hand in that.
His "OCD" personality would suggest that he probably would have wanted to slowly build the car brand with prestige image and limited supply. The other partners probably felt this is not conducive to their pockets and wanted to go aggressive to gain quicker returns at the risk of over supply.
Great article, thanks for sharing! McLaren is very personal to him and I can see him doing something like this.
https://www.bbc.co.uk/sport/formula1/38000198
In this article, it explains his downfall and how he was pushed out of the company which he had once owned and built up great success in. He fell out with his long standing business partner. His challenging personality probably had a hand in that.
His "OCD" personality would suggest that he probably would have wanted to slowly build the car brand with prestige image and limited supply. The other partners probably felt this is not conducive to their pockets and wanted to go aggressive to gain quicker returns at the risk of over supply.
I love and can relate to Ron's pursuit of perfection, and whilst he unquestionably has Papaya orange blood running through his veins, I can't help thinking that as he is 72 years old, would that the right direction now for McLaren?
Project 4 said:
Great article, thanks for sharing!
I love and can relate to Ron's pursuit of perfection, and whilst he unquestionably has Papaya orange blood running through his veins, I can't help thinking that as he is 72 years old, would that the right direction now for McLaren?
With age you have wisdom. Koenigsegg AB is 125 persons. I guess automotive will need maybee 200 staff to sell, build and develop cars. A nice little enterprise for Mr. Dennis to run. I love and can relate to Ron's pursuit of perfection, and whilst he unquestionably has Papaya orange blood running through his veins, I can't help thinking that as he is 72 years old, would that the right direction now for McLaren?
Project 4 said:
leef44 said:
I reckon you may be on to something there.
McLaren is very personal to him and I can see him doing something like this.
https://www.bbc.co.uk/sport/formula1/38000198
In this article, it explains his downfall and how he was pushed out of the company which he had once owned and built up great success in. He fell out with his long standing business partner. His challenging personality probably had a hand in that.
His "OCD" personality would suggest that he probably would have wanted to slowly build the car brand with prestige image and limited supply. The other partners probably felt this is not conducive to their pockets and wanted to go aggressive to gain quicker returns at the risk of over supply.
Great article, thanks for sharing! McLaren is very personal to him and I can see him doing something like this.
https://www.bbc.co.uk/sport/formula1/38000198
In this article, it explains his downfall and how he was pushed out of the company which he had once owned and built up great success in. He fell out with his long standing business partner. His challenging personality probably had a hand in that.
His "OCD" personality would suggest that he probably would have wanted to slowly build the car brand with prestige image and limited supply. The other partners probably felt this is not conducive to their pockets and wanted to go aggressive to gain quicker returns at the risk of over supply.
I love and can relate to Ron's pursuit of perfection, and whilst he unquestionably has Papaya orange blood running through his veins, I can't help thinking that as he is 72 years old, would that the right direction now for McLaren?
I personally would not like to work for a perfectionist like him but I admire this quality of his. The cleanliness in his factory and not having anything touching the factory floor (easier to see if something has been dropped) so everything is suspended.
It is his strive for perfection which has driven the high discipline culture in McLaren's formula one success.
leef44 said:
Project 4 said:
leef44 said:
I reckon you may be on to something there.
McLaren is very personal to him and I can see him doing something like this.
https://www.bbc.co.uk/sport/formula1/38000198
In this article, it explains his downfall and how he was pushed out of the company which he had once owned and built up great success in. He fell out with his long standing business partner. His challenging personality probably had a hand in that.
His "OCD" personality would suggest that he probably would have wanted to slowly build the car brand with prestige image and limited supply. The other partners probably felt this is not conducive to their pockets and wanted to go aggressive to gain quicker returns at the risk of over supply.
Great article, thanks for sharing! McLaren is very personal to him and I can see him doing something like this.
https://www.bbc.co.uk/sport/formula1/38000198
In this article, it explains his downfall and how he was pushed out of the company which he had once owned and built up great success in. He fell out with his long standing business partner. His challenging personality probably had a hand in that.
His "OCD" personality would suggest that he probably would have wanted to slowly build the car brand with prestige image and limited supply. The other partners probably felt this is not conducive to their pockets and wanted to go aggressive to gain quicker returns at the risk of over supply.
I love and can relate to Ron's pursuit of perfection, and whilst he unquestionably has Papaya orange blood running through his veins, I can't help thinking that as he is 72 years old, would that the right direction now for McLaren?
I personally would not like to work for a perfectionist like him but I admire this quality of his. The cleanliness in his factory and not having anything touching the factory floor (easier to see if something has been dropped) so everything is suspended.
It is his strive for perfection which has driven the high discipline culture in McLaren's formula one success.
that would never arise under ron's watch
flemke said:
MclaesLaren said:
Ferruccio said:
The equity is likely worthless.
It’s providing the working capital required and dealing with the debt that’s the issue.
Well. If McLaren goes belly up, debt will vanish. It’s providing the working capital required and dealing with the debt that’s the issue.
Then if he buys back the automotive part its a very much smaller part than ML in total.
Wisely managed with the customer in focus it can work much better.
McLaren shall be around for as long as we cut about in cars.
Maybe with its current owners, or as mentioned, via a restructuring.
I think it is safe to assume Ron Dennis shall of contacted some serious backers in the event there is an opportunity that arises..no way can anyone whom was pushed out of a lifetimes work in the manor he was and not look to get it back.
Whether that opportunity arises is another story.
Gassing Station | McLaren | Top of Page | What's New | My Stuff