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Following the demotion of Ron Dennis as the company's chief, McLaren Technology Group has announced that Zak Brown has accepted the position of Executive Director. The former McLaren F1 driver is set to start work in December.
#aerogollumturbof1 wrote: YOU SHALL NOT......STALLLLL!!!
Bullshit.mclaren111 wrote:Just to add spice, he owns 50% of Mclaren Automotive and this "move" would not effect him running this Division
Pitpass.com:Bullshit.
He owns about 10% auf McLaren Automotive.
The claim, by Autosport, suggests the Briton has been told by the board that he will not get a new contract when his current one expires at the end of the year, follows an unsuccessful bid to raise the necessary funding to buy out Mansour Ojjeh and the Bahraini sovereign wealth fund Mumtalakat which own 25% and 50% of McLaren Group, Dennis holding the remaining 25%.
While the road car division, McLaren Automotive, would not be affected,
if it happens the move, which would see Dennis end a 35-year involvement in an F1 team which has won ten drivers' titles and seven constructors' titles, leave the role of CEO of the group which includes McLaren Racing, McLaren Marketing and McLaren Applied Technologies.
#aerogollumturbof1 wrote: YOU SHALL NOT......STALLLLL!!!
Correct.Thunders wrote:McLaren Automotive is not Part of the McLaren Technology Group, that is why it would not be affected. RD can hold whatever % of the Automotive Group, stepping down as Chairman and CEO of the McLaren Technology Group dows not affet that.
@mclaren111: how did you get to the 50% Dennis is supposed to hold on McLaren Automotive, because the Text you quoted doesn't say anything in that regard.
Yes it just might be, it makes sense now since Jost has joined the team.fellowhoodlums wrote:Can I suggest it's just a handover, pre-planned.
This is what the arrival of Jost Capito was all about.
Ermm... You know you didnt correct him, right? He clearly called BS on RD owning 50% of Mclaren Automotive.mclaren111 wrote:wkst:Pitpass.com:Bullshit.
He owns about 10% auf McLaren Automotive.
The claim, by Autosport, suggests the Briton has been told by the board that he will not get a new contract when his current one expires at the end of the year, follows an unsuccessful bid to raise the necessary funding to buy out Mansour Ojjeh and the Bahraini sovereign wealth fund Mumtalakat which own 25% and 50% of McLaren Group, Dennis holding the remaining 25%.
While the road car division, McLaren Automotive, would not be affected,
if it happens the move, which would see Dennis end a 35-year involvement in an F1 team which has won ten drivers' titles and seven constructors' titles, leave the role of CEO of the group which includes McLaren Racing, McLaren Marketing and McLaren Applied Technologies.
Bullshit to you my friend
=D>