Mansour Ojjeh Tag

By Adam Tate, Associate Editor The 2016 Formula One season will go down in history as one of the most surprising, and unique in recent years. It will be known for Nico Rosberg’s epic battle with Lewis Hamilton, for Max Verstappen’s rise at Red Bull, for the retirement of beloved veterans, and Rosberg’s willingness to walk away from the sport having won his only world title. Here are our top five moments of the year. 5. Retirement Announcements Beloved veterans Jenson Button and Felipe Massa shocked the sport by announcing theyRead More

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

By Adam Tate, Associate Editor Highly respected UK newspaper, The Financial Times, has just reported that tech giant Apple is in talks to buy the McLaren Technology Group, parent company of the famed F1 team and car manufacturer in a deal that may be worth up to $2 billion. McLaren has quickly moved to deny the reports, but The Financial Times said it had three sources corroborate the report that talks were indeed in place between the two companies. McLaren is currently owned by three entities: F1 Principal Ron Dennis, company chairmanRead More