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Dennis formally splits with McLaren after selling shares
McLaren has confirmed a final split with Ron Dennis, with the former team boss selling his shareholdings in McLaren Technology Group and McLaren Automotive, and relinquishing his directorships of both. A new holding company, McLaren Group, will have both the aforementioned under its umbrella. McLaren says that Bahrain Mumtalakat Holding Company and TAG Group will remain as majority McLaren Group shareholders, but there are no details of who has bought Dennis’s shareholding – although Sky News has reported that he will earn £275 from the transaction. Shaikh Mohammed bin Essa Al Khalifa will be the executive chairmain of the McLaren Group. Dennis first became involved with McLaren in...
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8y ago from Motorsport.com
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