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Ecclestone offers support to Ron Dennis
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Following rumors of Ron Dennis being forced out of his chairman and CEO roles at McLaren, F1 supremo Bernie Ecclestone has come out in defense of the 69-year-old executive. Dennis' future at McLaren appears bleak with the emblematic F1 figure unable to secure the proper financial backing to buy out his fellow McLaren shareholders, who own 75% of the company while Dennis retains 25%. Consequently, Dennis may no longer hold an active role with the company when his contract as chairman and CEO expires at the end of this year, and his partners unwilling to keep him on. Ron Dennis took control of McLaren in 1981 and diversified the company beyond its core racing roots....
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