McLaren Group, the holding company for McLaren Racing and McLaren Automotive after the company’s restructure in the wake of the departure of former dual shareholder Ron Dennis, received a capital injection of £203.8M ($274.5M), made by Nidala (BVI) Ltd. to purchase 888,135 ordinary shares in the group, according to Rencken & Collantine of RACE FANS. A McLaren spokesperson would not disclose the shareholders of the British Virgin Isles-based entity, saying, "We aren't at liberty to disclose details of the investor. This is, as you will know, not uncommon practice." Michael Latifi, CEO of major Canadian food conglomerate Sofina and father of F2 racer and current Force India test driver Nicholas Latifi, reportedly has "interests in Nidala." The McLaren spokesperson did not comment on whether a drive for the 22-year-old is a "condition of the investment." McLaren Racing CEO Zak Brown said that McLaren was "financially secure." He said, "We're not strapped for money." McLaren currently does not have a headline partner (RACE FANS, 5/19).
