Dennis wants to have majority shareholding in McLaren Group

Ron Dennis is planning to increase his shareholding in the McLaren Group so that he will have a majority stake.

Dennis currently owns 25% of the company, with 25% in the hands of TAG and the remaining 50% owned by Bahrain's Mumtalakat.

It's understood that as early as next year TAG and Mumtalakat will sell a chunk of their stock to Dennis, although both will retain a stake in the team.

“No transaction has taken place, but the shareholders have had discussions on how to best facilitate and enhance the future growth of the McLaren Group,” said a company spokesman.

“When and if a transaction takes place, it is not envisioned that the current shareholders will exit McLaren completely, and announcements would be made at the appropriate time.” 

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About this article
Series Formula 1
Teams McLaren
Article type Breaking news
Tags mclaren, ron dennis