News Details

McLaren confirm Latifi link behind £200m investment

McLaren have confirmed a cash investment of £200 million has been made in the team by Michael Latifi, the Canadian businessman and father of F2 racer, Nicholas. The team say the move "significantly strengthens the group’s balance sheet and underpins its ambitious growth plans". Racefans.net reported the deal over the weekend, and McLaren have confirmed that Latifi has made a significant investment into the team. It is reported that Latifi's company Nidala Limited has purchased 888,135 shares in McLaren Group, costing £203.8million. READ MORE: Alonso talks won't start until mid-season READ MORE: McLaren near begging point with Alonso Shaikh Mohammed bin...
Full Story »
1mo ago from GPFans.com 0
Share

You May Also Be Interested In...

McLaren: We are delighted Latifi has joined the family

McLaren Group is pleased to confirm that Michael Latifi, a Canadian...
1mo ago from GrandPrix247.com

McLaren confirms Michael Latifi behind £200m...

The McLaren Group has confirmed that Michael Latifi, father of Formula...
1mo ago from MotorsportWeek.com

McLaren Group boosted by £200 million investment

The McLaren Group, which includes its Formula 1 team and its automotive...
1mo ago from MotorsportWeek.com

McLaren confirm £200million investment from new...

McLaren has revealed that their new £200million investment has come...
1mo ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Rossi's Ducati "more complicated" than my...

Jorge Lorenzo believes MotoGP rival Valentino Rossi had a “more...
8h ago from Motorsport.com

Ex-Tech3 rider Jonas Folger returns to action in Moto2...

Jonas Folger made his first appearance on a grand prix machine since last...
10h ago from MotorsportWeek.c...

Zarco riding style doesn't work for Vinales

Movistar Yamaha's Maverick Vinales tried to emulate Johann Zarco's riding...
13h ago from BikeSportNews.com

Lorenzo's MotoGP pace comes from managing...

Jorge Lorenzo's recent and triumpant return to form may have as much to...
1d ago from BikeSportNews.com

Popular On IndyCarToday.com

Road America IndyCar: Newgarden on top again in FP2,...

Josef Newgarden excelled again on Friday afternoon at Elkhart Lake as...
1h ago from Motorsport.com

Road America IndyCar: Newgarden leads Sato in opening...

Team Penske-Chevrolet’s reigning IndyCar champion Josef Newgarden topped...
5h ago from Motorsport.com

Josef Newgarden sweeps both Friday practice sessions...

The defending champion appears to be back in control. Josef Newgarden...
42m ago from MotorsportWeek.c...

VIDEO: IndyCar steering damper prototype

A current IndyCar project which aims to reduce hand injuries caused by...
16h ago from SpeedCafe.com

Popular On TotalWRC.com

Evans seeks improvement

Evans seeks improvement Elfyn Evans has admitted he’s using the lengthy...
8h ago from WRC.com

Safari return moves closer

Safari return moves closer The return of Kenya’s iconic Safari Rally to...
13h ago from WRC.com

Safari Rally edges closer to WRC 2020 return

The return of the iconic Safari Rally to the World Rally Championship has...
10h ago from Motorsport.com

Drivers want dangerous artificial jumps banned

Following Ott Tänak’s unfortunate accident on the Sardinia...

Popular On GunnersToday.com

Report: Arsene Wenger to hijack Arsenal move for...

Former Arsenal manager Arsene Wenger has expressed an interest in signing...
1h ago from SportsMole.co.uk

World Cup: Xhaka inspires Switzerland comeback

We had another three players in action on in Friday’s World Cup group...
2h ago from Arsenal.com

'I want to play there', £35m star confirms he wants...

The fact that Arsenal are looking to bolster their defense is something...
6h ago from ArsenalFever.com

‘That's why Xhaka is better than Pogba' –...

Granit Xhaka produced a wonderful goal during the World Cup encounter...
3h ago from CaughtOffside.com

Comments

Hottest News

Practice 2 Results: French Grand Prix

2018 FP2 Results: Friday second free practice... Read More »
7h ago from ThisIsF1.com

Honda could block Alonso's triple crown bid

Fernando Alonso's dream for the ultimate triple... Read More »
2h ago from F1Hub.net

Ferrari no longer an option for Ricciardo

The Ferrari Formula 1 team is no longer an option... Read More »
9h ago from F1Hub.net

Recent News

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.