The logo of the Morgan Sports Car Club España is the Morgan grille with Spain's national colours. It is an attractive badge, be it that its quality leaves something to be desired. 
Many copies suffer from loss of yellow and red enamel between the "grille bars". This particular copy still is complete in that area, while it strangely enough has received two tears in the metal at the right hand side. From a distance this is hardly obvious, which makes it an ideal badge to continue using.