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Ron looking to increase McLaren stake

Ron Dennis is set to become the majority shareholder of the McLaren Group once again after his fellow shareholders agreed to sell a big stake to him. The 67-year-old currently owns 25 percent of the McLaren Group while TAG Chief Executive Mansour Ojjeh is also on 25 percent with Bahrain's Mumtalakat sovereign wealth fund holding the remaining 50 percent. However, the parties have agreed a price at which Dennis could reclaim the majority stake if he can raise the necessary funds. Formula 1 supremo Bernie Ecclestone had already let the cat out of the bag on Thursday by claiming Dennis was close to taking charge again. "They (the Bahrainis) are nothing to do with the race team any more....
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9y ago from PlanetF1.com 0
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