Those thinking that Ron Dennis has been paid the £275m in lieu of his 25% stake in the company, allowing him to head off into the sunset, would appear to be wrong. Despite the suggestion that the Briton had been paid off and that the company was seeking to raise £500m to make up for the payment and also further invest in its future, according to Forbes, it would appear that Dennis is being paid in instalments. Indeed, in a surprise move, as Dennis awaits the second instalment McLaren has secured £37.5m on 13 rare and historic F1 cars. The cars are: 1981 MP4/1-1 (the first McLaren MP4), 1984 MP4/2-1, 1985 MP4/2B-3, 1986 MP4-2C-5, 1988 MP4/4-1 (pictured), 1989 MP4/5-5, 1990...
Full Story »