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McLaren confirms Michael Latifi behind £200m investment
The McLaren Group has confirmed that Michael Latifi, father of Formula 2 driver and Force India test driver Nicholas Latifi, is behind a recent £203.8 million ($270m) investment. McLaren confirmed last week that it had issued new equity capital following a major investment by Nidala (BVI) Limited in the entire McLaren Group which encompasses its Formula 1 team, McLaren Applied Technology and its automotive business. A statement issued on Monday confirmed Latifi's involvement. 'McLaren Group is pleased to confirm that Michael Latifi, a Canadian businessman, has become a shareholder, in a move that significantly strengthens the group’s balance sheet and...
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7y ago from MotorsportWeek.com
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