A new investor brings more than 200 million euros to McLaren
Nidala (BVI) Limited will invest more than 200 million euros in the McLaren Group. This company is owned by Michael Latifi, the father of Canadian F2 driver Nicholas Latifi.
The McLaren team announced in a statement that a new investor has just brought a budget of 228 million euros to the McLaren Group.
This investor is the company Nidala (BVI) Limited, based in the British Virgin Islands and owned by Michael Latifi, who is none other than the father of Nicholas Latifi, currently competing in the F2 championship and a development driver for Team Force India: « I have been an admirer of the McLaren brand and its business for a long time. McLaren is a unique organization in the automotive, racing, and technology sectors, with growing and exciting long-term projects, and that is why I made this investment. I am proud to be part of McLaren and this incredible brand, stated Michael Latifi. »
On the McLaren side, this financial contribution is providential and should enable the team to keep up with the technical development of the larger teams. Furthermore, Michael Latifi could potentially help his son, Nicholas, join Woking in the somewhat near future.
