McLaren receive a £200 million pound cash injection

McLaren have received a £200 million cash injection from a company linked to F2 driver Nicholas Latifi.

McLaren Group, the holding company for McLaren Racing and McLaren Automotive received a capital injection of £203.8m, made by Nidala (BVI) Limited to purchase 888,135 ordinary shares in the Group.

A spokesperson for McLaren said :

“We aren’t at liberty to disclose details of the investor. This is, as you will know, not uncommon practice.”

However, it is understood that Michael Latifi, CEO of major Canadian food conglomerate Sofina and father of F2 racer and current Force India driver Nicholas Latifi, has interests in Nidala.

Nidala is thought to stand for Nicholas Daniel Latifi. The McLaren spokesperson also did not comment on whether a drive for the 22-year-old is a condition of the investment.