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Old 5 Dec 2013, 17:01 (Ref:3340514)   #1
Moneyseeker
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The return of Ron Dennis?

Sky News reporting that Ron Dennis is seeking investors to support a buy out of Mansour Ojjeh and possibly Mumtalakat.


"Mr Dennis, who stepped down as McLaren’s F1 team principal in 2009, is said to be distressed at the current performance of the Woking-based outfit, which ended the 2013 season in Brazil last weekend without a single podium finish in 19 races. That sealed the team’s worst season in more than three decades.
The owner of 25% of McLaren Group, Mr Dennis is also thought to be interested in buying part of the remaining 50% stake, which is owned by the Bahrain-based sovereign wealth fund, Mumtalakat. Doing so would give him overall control of the company.
One ally said he was enticed by the idea of trying to revive the McLaren F1 team’s fortunes. An engine supply deal with Honda, accompanied by tens of millions of pounds a year in funding, is thought likely to give McLaren a major boost when it comes into effect in 2015."

It's interesting that Ron needs or believes he needs to gain control of the company in order to get back into the F1 team - if that is indeed his reason for doing it..

http://news.sky.com/story/1178061/mc...5m-share-swoop
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