LONDON (Reuters) - Canadian businessman Michael Latifi, whose son Nicholas currently races in Formula Two, has bought a stake of around 10 percent in the McLaren Group that includes the Formula One team.
McLaren, announcing Latifi's involvement on Monday, said the 203.8 million pound capital injection "significantly strengthens the group’s balance sheet and underpins its ambitious growth plans".
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!