News Details
Dennis could be ousted from McLaren by next week
Ron Dennis could lose his position as McLaren's chairman and CEO as early as next week after the Woking company rejected a takeover by Chinese investors. Report here>>> Dennis has been fighting to retain his position after a boardroom fall-out with long time business partner Mansour Ojjeh. In an effort to secure his future, Dennis reportedly put together a bid to takeover McLaren in conjunction with a Chinese consortium, worth an estimated £1.65 billion. It was, however, rejected. 'Long-serving McLaren boss Ron Dennis presented the offer for McLaren from a group of unidentified investors last week, a move which prompted his fellow shareholders to launch a plot to oust him as...
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9y ago from GrandPrix247.com
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