Brought back from near extinction to create the MP4-12C high-performance sports car, McLaren just got a significant boost from Singapore billionaire Peter Lim.
McLaren didn’t disclose financial details about what it is calling the “significant investment,” although it did say that Lim has been appointed to the company’s board of directors effective immdiately.
“Peter Lim’s track record in Asia as a highly respected business leader adds further quality to our board in this highly competitive business environment at an exciting time for the company,” Ron Dennis, McLaren’s executive chairman, said in a statement released to members of the media.
Lim, ranked eighth on Forbes’ list of Singapore billionaires, has a net worth of around $1.8 billion.
This latest McLaren investment isn’t Lim’s first dabbling in a British firm. Last year, he made a $525 million offer to buy the Liverpool Football Club, but a court ruling sent the team to New England Sports Ventures instead. Lim also operates a chain of Manchester United theme eating establishments across Asia.
McLaren says that it has enough demand for about 18 months’ worth of MP4-12C production, but this latest investment should help the company further expand its operations.
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