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
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