One of the famous Morgan racers from the late 1970s/early 1980s was the ModSports Plus 8, prepared by then London Morgan agent Libra Motive. Its proprietor Rob Wells was racing the car himself and with success. In 1981 he won the National Championship in the Plus 8 MMC 3. Of this feat two different -genuine- badges were issued, of which this is one.
Also the infamous copycat firm in India produced badges of the same image, so watch out for those!
Good genuine copies are hard to come by, 40 years on. Here's your opportunity! Solely this copy is available.