Bahraini Sovereign Wealth Fund Tag

By Adam Tate, Associate Editor The previously unthinkable has come to pass, Ron Dennis has stepped down from his role as Chairman and Chief Executive at McLaren. The news comes after much speculation since the team’s troubled performance and lack of results in Formula One. Dennis had planned to buyout fellow shareholders Mansour Ojjeh, and the Bahraini Sovereign Wealth Fund in order to take full control over the company. In his attempts to do so he tried and failed at luring tech giant Apple into a potential buyout or investment dealRead More

By Adam Tate, Associate Editor If reports from the Telegraph and others are to be believed, longtime McLaren Group Chairman and CEO Ron Dennis will vacate his role at the helm of the Woking-based firm when his contract runs out at the end of the year. The impetus for such a huge change is the result of an unsuccessful bid by Dennis to buyout his business partners. Dennis currently owns 25% of the company as does his long time business partner Mansour Ojjeh. The remaining 50% is owned by the Bahraini sovereignRead More