Motorsport

Dennis to be placed on gardening leave - report

2016-11-12 11:04
Ron Dennis (Gallo Images)

Cape Town - Ron Dennis could lose his position as McLaren's chairman and CEO as early as next week after the Woking company rejected a takeover by Chinese investors.

Dennis has been fighting to retain his position after a boardroom fall-out with business partner Mansour Ojjeh.

In an effort to secure his future, Dennis reportedly put together a bid to takeover McLaren in conjunction with a Chinese consortium, worth an estimated £1.65 billion.

It was, however, rejected.

"Long-serving McLaren boss Ron Dennis presented the offer for McLaren from a group of unidentified investors ‎last week, a move which prompted his fellow shareholders to launch a plot to oust him as chief executive," said Sky News' City Editor Mark Kleinman.

And that has now hurried Dennis' departure from McLaren.

According to Sky Sports, an emergency board meeting was called on Friday night and the 69-year-old could be gone as early as next week, placed on gardening leave until his contract expires in January.

Read more on:    ron dennis  |  f1
NEXT ON SPORT24X

What To Read Next

 

Read News24’s Comments Policy

Live Video Streaming
Video Highlights
Sport Talk

 
 
Men
Women
Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

With the Absa Premiership in full swing, who will be crowned champions when all is said and done? Will Mamelodi Sundowns defend their title? Or can Kaizer Chiefs, Orlando Pirates or Bidvest Wits mount a serious challenge? Stay glued to Sport24 to find out!

Latest blogs
Vote

Hypothetically, given the same cars to drive, who is the most talented current Formula One driver in your opinion?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.