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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 titles, setting the standards by which teams in the sport today operate, is reported to have sold all of his shares in the organisation. The decision – reported by Sky News and expected to be confirmed today (Friday) – ends a 37-year association between the two sides, which began when the team was struggling for success in F1 in 1980. Today, the McLaren Group is valued at more than 2.2-billion. The split would be formalised by Dennis transferring his remaining 25% stake in McLaren Technology Group and 11% shareholding of McLaren Automotive. He is reported to have received 312-million for the shares and, as...
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