News Details

Ron Dennis ends 37-year association with McLaren by selling shares

Ron Dennis has formally ended his role at McLaren, the company he made into one of the most successful Formula 1 teams of all time. Dennis, ousted as chief executive officer last November in a boardroom coup, has sold his 25% shareholding. The 70-year-old has also resigned from his position on the board. Dennis has sold to the two main shareholders - Mumtalakat, the Bahrain sovereign investment fund, and Mansour Ojjeh. It was the souring of Dennis' relationship with Ojjeh that led to his removal. The two were long-time friends and business partners but fell out for both personal and business reasons a few years ago. Background: Ron Dennis' tenure as boss of McLaren Ron Dennis: How broken...
Full Story »
7y ago from BBC.co.uk 0
Share

You May Also Be Interested In...

End of an era as Ron Dennis to sell all McLaren stake

Ron Dennis, the man who led the McLaren team to numerous Formula 1 world...
7y ago from GrandPrix247.com

Dennis formally splits with McLaren after selling...

McLaren has confirmed a final split with Ron Dennis, with the former team...
7y ago from Motorsport.com

Elsewhere On The Network

Popular On MGPToday.com

Yamaha set to confirm new inline-four MotoGP engine at...

Yamaha admits it is likely to use its updated inline-four MotoGP engine...
11h ago from MotorsportWeek.c...

Joan Mir confirms new Honda engine sees improvement in...

Joan Mir confirmed that Honda's new engine has shown improvements in 'all...
13h ago from MotorsportWeek.c...

Fabio Quartararo reflects on ‘special' Jerez...

Fabio Quartararo described his second-place finish at Jerez as...

Popular On IndyCarToday.com

Corvette ZR1 pace car revealed for 109th Indy 500

Indianapolis Motor Speedway has revealed the pace car that will head the...

Popular On TotalWRC.com

Toyota Gazoo Racing's silver lining

Toyota Gazoo Racing has a silver lining, literally. Not content with a...

Popular On GunnersToday.com

'Perfect for Arsenal' – Gunners urged to sign...

Arsenal have been urged to seal the transfer of Crystal Palace attacking...
6h ago from CaughtOffside.com

'Special player' – Arsenal & Liverpool...

Arsenal and Liverpool have been criticised for missing out on the transfer...
6h ago from CaughtOffside.com

Exclusive Arsenal column: Partey return crucial for...

Arsenal vs PSG was frustrating, but the tie isn't over yet It was a really...
8h ago from CaughtOffside.com

'Just didn’t have that extra bit of magic we’ve...

Pundit Peter Schmeichel has called out Arsenal forward Bukayo Saka for...
6h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.