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Sovereign Wealth Funds Briefing - Categorized | Market, People

McLaren chief Ron Dennis fighting ouster: Bernie Ecclestone

Posted on 15 November 2016

As per reports, Bahrain’s sovereign wealth fund and businessman Mansour Ojjeh, who hold 75 percent of shares, want to oust Ron Dennis. McLaren chief executive Ron Dennis is fighting a move by other shareholders to force him out, Formula One supremo Bernie Ecclestone said.
Sky News reported on Friday that Bahrain’s sovereign wealth fund Mumtalakat and Saudi-born businessman Mansour Ojjeh, who between them hold 75 percent of the shares, wanted to oust Dennis. The report said an unidentified consortium of Chinese investors had made a 1.65 billion pounds ($2.08 billion) takeover bid for McLaren Technology Group that Dennis supported but the other shareholders opposed…………………………………….Full Article: Source


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