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Ron Dennis forced to step down at McLaren
Ron Dennis has issued a personal statement after being forced to step down at McLaren today. The move came, as expected, following the Briton's failure in the High Court last Friday to prevent his other main shareholders in the McLaren Technology Group, Mansour Ojjeh and the Bahrain Sovereign wealth fund Mumtalakat, having him placed on 'gardening leave'. This in turn was in response to his continued efforts to raise the necessary funding to buy-out his main partners. A brief statement issued by Dennis this afternoon reads as follows: 'I am disappointed that the representatives of TAG and Mumtalakat, the other main shareholders in McLaren, have forced through this decision to place me on...
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8y ago from Pitpass.com
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