News Details
Chinese investors bid $2.08 billion McLaren takeover deal
Chinese investors bid $2.08 billion McLaren takeover deal An unnamed group of Chinese investors have reportedly tabled a 1.65 billion pound ($2.08 billion) bid to take over McLaren which has left team principal Ron Dennis' future with the team in uncertainty, Sky News reported on Friday. Dennis, chairman and CEO of the McLaren Group, owns 25% of the business, with another 25% owned by his business partner Mansour Ojjeh, with the remaining 50% owned by a Bahraini sovereign wealth fund. The report, written by city editor Mark Kleinman — It said the offer, which Sky understood was presented to shareholders by Dennis last week, involved an asset manager and private equity funding. No...
Full Story »
Full Story »
8y ago from ThisIsF1.com
0
You May Also Be Interested In...
Chinese investors make $2-billion bid for McLaren
An unidentified consortium of Chinese investors has made a $2.08 billion...
8y ago from GrandPrix247.com
Dennis fighting for future
McLaren have rejected a £1.65 billion takeover bid from Chinese...
8y ago from SkySports.com
Ron Dennis to be suspended from McLaren duties this...
Ron Dennis will reportedly be suspended from his role as Chairman of...
8y ago from GrandPrixTimes.com
Dennis in court bid to save McLaren future - report
The future of McLaren chairman Ron Dennis was thrown into further doubt on...
8y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Why Marc Marquez doesn't want to wrap the MotoGP title...
No description available...
15h ago from Motorsport.com
Pedro Acosta: Marc Marquez’s comeback as big as...
No description available...
16h ago from Motorsport.com
Francesco Bagnaia reveals Ducati breakthrough to fix...
No description available...
18h ago from Motorsport.com
Ex-F1 team boss Guenther Steiner and investors to...
No description available...
18h ago from Motorsport.com
Popular On IndyCarToday.com
Colton Herta leaves IndyCar to pursue F1 with Cadillac...
The Cadillac F1 Team has announced that it has hired IndyCar star Colton...
1d ago from MotorsportWeek.c...
Rinus VeeKay separates from Dale Coyne Racing
Rinus VeeKay will not race with Dale Coyne Racing next season after...
2d ago from MotorsportWeek.c...
Will Power to replace Colton Herta at Andretti in 2026
No description available...
1d ago from Motorsport.com
IndyCar moves street race from Toronto to Markham for...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
4d ago from Motorsport.com
Sebastian Ogier wants WRC title by “winning...
No description available...
3d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Interlull round-up + Besiktas make reported Trossard...
Morning. A quick Friday blog for you. There were some Arsenal players in...
3h ago from Arseblog.com
'He is a player who lights up the stadium' -...
Arsenal legend Nigel Winterburn has hailed the Gunners' new signing...
11h ago from SportsKeeda.com
New signing profile: Piero Hincapie
Following some late left-sided departures, Arsenal managed to squeeze in...
11h ago from Arseblog.com
'It’s remarkable' – Collymore reacts to Mikel...
Arsenal had started their season with two victories out of two, but last...
19h ago from CaughtOffside.com
Comments
Hottest News
Lance Stroll responds to Aston Martin F1 retirement request...
Lance Stroll has responded to rumours floating... Read More »
44m ago from MotorsportWeek.com
McLaren confirm Oscar Piastri to miss start of Italian GP
McLaren have confirmed that Oscar Piastri will... Read More »
34m ago from GPFans.com
Lewis Hamilton and Oscar Piastri in FIA summons at Italian...
Lewis Hamilton and Oscar Piastri have both been... Read More »
1h ago from GPFans.com