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McLaren: No foundation in Stroll rumours
McLaren spokesperson denies media claim that Canadian billionaire Lawrence Stroll is looking to buy in to the team.Weeks after the Canadian billionaire, whose son Lance is part of the Ferrari Driver Academy, was linked with a buy-out of the Sauber team, the Italian media is linking him with McLaren.According to Autosprint, Stroll is seeking to buy a shareholding in the Woking outfit. However, McLaren Group is a private company, not a listed company, and, like many private companies, its articles of association include so-called 'pre-emption rights' which dictate that any shares must first be offered for sale to the existing shareholders before they can be offered for sale to any outside...
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11y ago from Pitpass.com
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