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McLaren power struggle continues
Ron Dennis currently remains McLaren chief executive officer and group chairman as battle for control of the Formula 1 team and automotive group continues to rage. Sky Sports understands McLaren's major shareholders do not want Dennis to continue in his role of chief executive after his contract ends in in mid-January. Dennis, who owns 25% of the group, has been trying to buy back control on McLaren with a Chinese consortium but the group's majority shareholders, the Bahraini sovereign wealth fund and Saudi businessman Mansour Ojjeh, do not want to sell. Sky sources revealed on Friday the consortium of Chinese investors had tabled a £1.65bn takeover bid which...
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8y ago from SkySports.com
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