McLaren could earn £50m from sale of five Formula 1 cars

Five McLaren Formula 1 cars could fetch £50m after the team put chassis belonging to the likes of Ayrton Senna, Lewis Hamilton and Lando Norris up for sale. The models range from 1991 through to 2023 – the most modern Formula 1 car ever offered for private ownership – and are expected to go for between £5m and £10m apiece when McLaren sell a small chunk of their vast collection. “We have decided to part with these iconic McLaren Formula 1 cars because we feel that having them simply sitting in storage is a disservice to what they represent,” the team’s chief Zak Brown said. “These cars were built to be driven and raced, and we want to see them being used and enjoyed. We believe that is the best way to keep our history alive and our heritage business active.” The organisation’s McLaren Racing Ltd accounts are expected to see the team to remain on track to surpass £550m in revenue this year, with Brown set for a payout of around £75m after Bahrain s sovereign wealth fund, Mu