| 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
|