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9 Jan 2007, 21:47 (Ref:1810763)
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Veteran
Join Date: Oct 2006
Posts: 601
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Ron Dennis loses another 30% stake in McLaren.
I cant see Big Ron being there much longer at this rate!!
http://news.bbc.co.uk/sport1/hi/moto...ne/6245269.stm |
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__________________
It isn't premarital sex if you have no intention of getting married. 
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9 Jan 2007, 21:52 (Ref:1810770)
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Racer
Join Date: May 2002
Posts: 312
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Actually Ron is only selling 15% of his stake in McLaren. He'll be there as long as he keeps Mercedes happy.
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9 Jan 2007, 22:33 (Ref:1810801)
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Registered User
Racer
Join Date: Oct 2006
Posts: 230
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It's still "his" team.
He'd only be selling shares on his own terms. Ron is a clever man. And he's ensured his family's futures long after he's no longer on this earth. |
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9 Jan 2007, 22:39 (Ref:1810804)
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14th
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Join Date: Jul 2001
Posts: 42,600
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Quote:
Actually I think the correct terminology is sold. More specifically sold for lots of dosh! Quote:
I always presumed he would sell it to DC (no not him). However as it is going to Mumtalakat Holding Company thinks may not be so straightforward? Last edited by Adam43; 9 Jan 2007 at 22:44. |
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__________________
Seriously not taking motorsport too seriously.
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9 Jan 2007, 23:50 (Ref:1810849)
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#5 | |
 Race OfficialVeteran
Join Date: Mar 2005
Posts: 9,004
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This thread seems a good opportunity to raise something I´ve been wondering- a lot of people here refer to Mercedes´eventual buyout of McLaren as some kind of fact. Is this not perhaps supposition?
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10 Jan 2007, 01:02 (Ref:1810881)
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Ten-Tenths Hall of Fame
Veteran
Join Date: Dec 2003
Posts: 8,408
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When it all goes through, DaimlerChrysler will have 40%, which sounds like a controlling interest to me, Mumtalakat Holding Company 30% and Ron Dennis and TAG 15% apiece.
I'm sure Ron will not be shy to admit that he has a tidy little pension fund as well! |
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10 Jan 2007, 01:46 (Ref:1810901)
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#7 | ||
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Veteran
Join Date: Jul 2002
Posts: 5,073
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One thing Ron Dennis is not is an idiot. He makes a lot of $$ and he still gets to manage the Team. Plus, he has automatically built-in to the dynamic a bidding war for his remaining shares between Daimler-Chrysler and them other guys should anyone desire to have a clear majority stake.
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__________________
"He's still a young guy and I always think, slightly morbidly, the last thing you learn is how to die and at the end of the day everybody learns every single day." - The Ever-Cheerfull Ron Dennis on Lewis Hamilton.
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10 Jan 2007, 02:17 (Ref:1810912)
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#8 | |
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Veteran
Join Date: Dec 2003
Posts: 6,885
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I've been involved with the family outside of racing and Ron has been gradually preparing for retirement or at least moving towards a part time involvement for some time.
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__________________
Wolverines!
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10 Jan 2007, 07:29 (Ref:1811004)
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#9 | |
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Veteran
Join Date: Oct 2005
Posts: 1,936
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F1 would be a worse place without Ron Dennis. He's such an interesting, strange character.
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10 Jan 2007, 10:47 (Ref:1811179)
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Race Official Veteran
Join Date: Aug 2001
Posts: 4,010
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Quote:
He is the prototype for what so many others tried and failed to be in the 80s and 90s, the modern F1 manager par exellance. His relationships with Prost and Senna being the two greatest in the modern era for me. No one comes near him. c Still its interesting seeing the likes of Nick Fry attempting it, trouble is not one of them is as convincing. Be a sad day when he leaves. |
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__________________
Andretti, Mario: Auto racing legend owns the rights to an unspecified Spinal Tap song, which he purchased when former manager Ian Faith secretly sold the band’s catalog
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10 Jan 2007, 11:34 (Ref:1811251)
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Veteran
Join Date: Dec 2001
Posts: 13,211
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Quote:
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__________________
That's so frickin uncool man!
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10 Jan 2007, 14:56 (Ref:1811482)
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#12 | |
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20KPINAL
Join Date: May 2003
Posts: 29,853
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He wants out soon so selling stakes is a good idea and will earn him a lot more money and a nicer future for his family than, err, selling steaks.
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10 Jan 2007, 15:02 (Ref:1811487)
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Race Official Veteran
Join Date: Dec 2000
Posts: 8,950
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Quote:
Exactly. Whenever he comes to sell up his 15%, if he ever does, he can be guaranteed a tidy sum! |
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10 Jan 2007, 15:25 (Ref:1811506)
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Veteran
Join Date: Mar 2003
Posts: 4,512
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Quote:
 Knowlesy for President! Macs need a more humorous leader!
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__________________
You got to learn how to fall, before you learn to fly P.Simon
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10 Jan 2007, 16:52 (Ref:1811566)
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#15 | ||
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Veteran
Join Date: Sep 2001
Posts: 13,000
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Try reading the article before posting in future SennaTheGreat. It says quite explicitly that the TAG group is also selling shares.
Nobody can blame Ron Dennis for looking to a future outside of motor racing. He is not a young man anymore, and he's basically the last individual to have a big say in a front-running F1 team, in a sport which is more and more dominated by big car companies. |
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10 Jan 2007, 19:05 (Ref:1811674)
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#16 | ||
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Veteran
Join Date: Oct 2006
Posts: 601
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Boots, but we all know that TAG wont try and BUY McLaren outright like Mercrdes wil do, and whenb it happens it will be a sad, sad day. Plus we know that Tag and Ron Dennis are like best of pals, so in a way Tag & Ron are losing that 30%!!
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__________________
It isn't premarital sex if you have no intention of getting married.
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10 Jan 2007, 19:42 (Ref:1811697)
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#17 | |
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20KPINAL
Join Date: May 2003
Posts: 29,853
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Nobody has lost anything!
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10 Jan 2007, 20:52 (Ref:1811751)
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#18 | |
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Registered User
Racer
Join Date: Oct 2006
Posts: 230
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TAG and Ron have always had a contractural agreement that they must act together, ie one can't do anything damaging on their own.
It's likely this arrangement will be extended across the new investor. Therefore Ron effectively retains the control despite not having the biggest individual stake, because TAG and the Bahrainis can't do anything without him. |
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10 Jan 2007, 23:00 (Ref:1811861)
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Race Official 20KPINAL
Join Date: Dec 1999
Posts: 21,606
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Still he's up there and leading the pack. But it's good to think of the future, he knows all things must pass.
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__________________
Show me a man who won't give it to his woman An' I'll show you somebody who will
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11 Jan 2007, 08:57 (Ref:1812109)
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14th
1% Club
Join Date: Jul 2001
Posts: 42,600
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Quote:
If Ron Dennis has lost his shares then he has also found lots of money! |
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__________________
Seriously not taking motorsport too seriously.
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11 Jan 2007, 13:10 (Ref:1812300)
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#21 | ||
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Race Official 20KPINAL
Join Date: Dec 1999
Posts: 21,606
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Yep !
 It's a strange way of thinking too to "sell in his own terms"... if somebody sells, even there's an agreement of how it will be run, the new owner is actually free to do anything he wants.
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__________________
Show me a man who won't give it to his woman An' I'll show you somebody who will
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11 Jan 2007, 14:15 (Ref:1812354)
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#22 | |
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Rookie
Join Date: Nov 2005
Posts: 96
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Another mostly privatly run team facing the corp big chop.Ron form a Q behind Eddie ETC your time is almost up.Why do I hanker for 70's 80's F1 so much the charactors the lack of greed,all this in the name of technology and evolution and no soul
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11 Jan 2007, 17:38 (Ref:1812493)
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#23 | ||
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Veteran
Join Date: Dec 2003
Posts: 2,132
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Ron is slowly getting out of Mclaren on his terms as the market for his shares is good. New agreement with FIA, stable regs for the future, etc etc make Mclaren look a good place for corporate money. He also knows he has to do it in stages so as not to upset anyone. I think the Alonso/Hamilton partnership will be his last hurrah, gone by end of 2008. Who does that leave of the old guard, just Frank Williams i think. I have a sneeking feeling that Frank may not be in the game for much longer either. This begs the question, how long Bernie and Max?. Will they take their pile and leave the manufacturers all on their own to run the show. If they do will it sink or swim ?.
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__________________
"Racing is Life. Anything before or after is just waiting"
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11 Jan 2007, 18:05 (Ref:1812521)
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#24 | ||
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Veteran
Join Date: Jul 2001
Posts: 7,294
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IMO Mercedes will one day end up owning McLaren entirely, but Ron Dennis is no-one's fool. He's got the teams best interest at heart and he is first and foremost a racer. He won't do anything to harm the team's chances.
However, he can't go on forever and he has to look to the future and the eventual handover of the team, whether it be to someone within the McLaren Organisation or the eventual sell-off to Mercedes. But old Ron isn't done yet! |
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__________________
Sunderland Til I Die!
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20 Jan 2007, 00:21 (Ref:1819940)
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#25 | ||
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14th
1% Club
Join Date: Jul 2001
Posts: 42,600
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Roebuck's Fifth Column tackles the concept of "loss" in this week's Autosport. Although he never uses that word for some reason
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__________________
Seriously not taking motorsport too seriously.
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