Ron Dennis forced to steps down from McLaren role

It was confirmed on Tuesday (15/11/16), Ron Dennis has been forced to stand down as Chairman and Chief Executive Officer of the McLaren Technology Group, which includes the Formula 1 team, after a 35-year tenure.



Dennis arrived at McLaren in late 1980, steering it to an array of world titles, but his fellow shareholders that include long-time business partner Mansour Ojjeh, and Bahrain sovereign wealth fund Mumtalakat have taken the decision to place him on gardening leave until his contract expires.

Last week, Dennis failed in a High Court attempt to secure an injunction against directors suspending him, after tabling a reported £1.6 billion takeover bid from a group of Chinese investors.

As it stands, Dennis remains on the boards of both the McLaren Technology Group and McLaren Automotive Limited, as well as continuing as a shareholder in the two companies as Dennis still holds a 25 per cent stake in the group.

It's an end of an era of one Formula 1 most dominated team boss in the history of the sport.