This just in – McLaren Automotive has announced that Singaporean billionaire Peter Lim has made a “significant investment” in the UK sports car manufacturer. Mr Lim is the 8th richest man in Singapore according to Forbes Asia. He also operates a chain of Manchester United-themed restaurants and bars across Asia.

“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,” said Ron Dennis, McLaren Automotive and McLaren Group executive chairman.

Wearnes Automotive is the official dealer for McLaren cars in Singapore. When the Wearnes appointment was announced in February this year, there were already rumours of Peter Lim looking to invest in McLaren, but everything was denied at that time.