The Saleen Mustang is undoubtedly one iconic car.
Last year we reported that according to its quarterly reportst Saleen Automotive, Inc appeared to be struggling financially. During that financial struggle however, Saleen had plans to deliver brand new ’15 Saleen Mustang models which were being built, and ordered by enthusiasts.
Currently, we’re at the year mark – and Saleen is looking for investors to put up $1,000,000, a perk of their investment will be a ’15 Saleen Mustang.
According to the New York Post (NYP), Saleen recently negotiated a $10-million-dollar deal to allow the company the capital to build and deliver up-to one Black Label Saleen Mustang (or an equivalency up to $1M) per $1M, until the newly acquired debt (or stock investment) is paid off. Steve Saleen commented to the NYP that he’s aware that this isn’t your typical return on an investment. However, the company does have a plan to achieve success. The company has been acquired by a new creditor, SM Funding, and is already working on negotiating new terms if the investment does take place. Additionally to those terms and conditions will include a mandatory “key-man” insurance policy of $15-million-dollars, which must be taken out on the company’s CEO – Steve Saleen.
Interestingly enough, GA Global Partners is also auctioning off some of the most collectable assets to ever be produced by Saleen. Currently, you can bid on six remaining chassis’ of the Saleen S7 and S7R racecar, the S5S Raptor concept truck, and all of the remaining inventory, components, memorabilia, molds, and design of the three vehicles. You can check out the auction listing here.
For the sake of modern muscle, we’re hoping there’s at least one ridiculously rich enthusiast in the world who would love to own a portion of Saleen, and doesn’t already have one in their driveway. Could that someone be you?
Invest $1M into Saleen, and this could be sitting in your driveway!