News Details
McLaren confirm Latifi's £200m investment
The McLaren Group have confirmed rumours that Michael Latifi, father of Formula 2 racer Nicholas, is behind a recent £203.8 million investment. Last week McLaren announced that Nidala Limited had purchased nearly 900,000 shares in the McLaren Group. This led to speculation that Latifi's father, Michael, was involved with reports claiming that Nidala stands for his son's full name, Nicholas Daniel Latifi. McLaren at the time refused to comment on the reports. They have, however, now released a statement confirming Michael 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...
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6y ago from PlanetF1.com
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