user icon

Investors bid £1.65 billion McLaren takeover deal

  • Published on 11 Nov 2016 20:47
  • comments 1
  • By: Fergal Walsh

A group of Chinese investors have reportedly tabled a £1.65 billion bid to take over McLaren which has left team principal Ron Dennis' future with the team in doubt.

Dennis has been team principal of the team since 1981 and his future has been the subject of speculation in the last few months.

The Brit attempted to take over the company earlier this year, a move that was rejected and caused many team members to become frustrated with his mind-set.

He was apparently in the High Court earlier this week to secure an injunction which would see him on gardening leave until his contract expires next January.

The attempt has supposedly been rejected and McLaren have called an emergency meeting which could see Dennis' contract suspended immediately.

The Chinese bid comes almost two months after Apple were said to have been interested in the team, and details of the deal include asset manager and private equity funding although no associated personnel have been mentioned.

Replies (1)

Login to reply
  • Hemex

    Posts: 988

    ...flabbergasted...

    • + 0
    • Nov 11 2016 - 21:29

Related news

BR Grand Prix of Brazil

Local time 

  • Friday weather-image

    Saturday weather-image

    Sunday weather-image

  • Free practice 1

    15:00 - 16:30

    Free practice 3

    16:00 - 17:00

    Race

    18:10 - 20:10

  • Free practice 2

    19:00 - 20:30

    Qualifying

    19:00 - 20:00

    Fastest lap

     

BR Grand Prix of Brazil

Local time 

  • Fridayweather-image

  • Free practice 1

    15:00 - 16:30

    Free practice 2

    19:00 - 20:30

  • Saturdayweather-image

  • Free practice 3

    16:00 - 17:00

    Qualifying

    19:00 - 20:00

  • Sunday weather-image

  • Race

    18:10 - 20:10

    Fastest lap

    18:10 - 20:10

Test calendar

Circuit de Catalunya - Testing

See full test schedule

Give your opinion!

Is Lewis Hamilton the strongest driver so far in the 21st century?

World Championship standings 2019

Show full world champion standings

Team profile

Show full profile

Formula 1 Calendar - 2019

Date
Grand Prix
Circuit
-
Spain
-
Spain
15 - Mar 17
Australia
29 - Mar 31
Bahrain
-
Bahrain
12 - Apr 14
China
26 - Apr 28
Azerbaijan
10 - May 12
Spain
-
Spain
23 - May 26
Monaco
7 - Jun 9
Canada
21 - Jun 23
France
28 - Jun 30
Austria
12 - Jul 14
United Kingdom
26 - Jul 28
Germany
2 - Aug 4
Hungary
30 - Sep 1
Belgium
6 - Sep 8
Italy
20 - Sep 22
Singapore
27 - Sep 29
Russian
11 - Oct 13
Japan
25 - Oct 27
Mexico
1 - Nov 3
United States of America
15 - Nov 17
Brazil
29 - Dec 1
United Arab Emirates
See full schedule

Formula 1 Calendar - 2019

Date
Grand Prix & Circuit
15 - Mar 17
Australia Albert Park
29 - Mar 31
12 - Apr 14
26 - Apr 28
Azerbaijan Baku City Circuit
10 - May 12
23 - May 26
Monaco Monte Carlo
7 - Jun 9
21 - Jun 23
France Paul Ricard
28 - Jun 30
Austria Red Bull Ring
12 - Jul 14
United Kingdom Silverstone
26 - Jul 28
Germany Hockenheimring
2 - Aug 4
Hungary Hungaroring
30 - Sep 1
6 - Sep 8
Italy Monza
20 - Sep 22
27 - Sep 29
Russian Sochi Autodrom
11 - Oct 13
25 - Oct 27
1 - Nov 3
United States of America Circuit of the Americas
15 - Nov 17
Brazil Interlagos
29 - Dec 1
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar