Bahrain buys 30% of McLaren!
Posted: Wed Jan 10, 2007 9:47 pm
No this isn't a strange rumour!
The Kingdom of Bahrain through one of its fully owned companies (The Bahrain Mumtalakat Holding Company) has acquired a 30% stake in the team.
DaimlerChrysler remain the biggest shareholders with 40% while both Ron Dennis and the TAG Group now own 15% each.
The deal requires regulatory clearances but is expected to be approved.
McLaren announced that company will continue to be managed by the existing management team.
The Kingdom of Bahrain through one of its fully owned companies (The Bahrain Mumtalakat Holding Company) has acquired a 30% stake in the team.
DaimlerChrysler remain the biggest shareholders with 40% while both Ron Dennis and the TAG Group now own 15% each.
The deal requires regulatory clearances but is expected to be approved.
McLaren announced that company will continue to be managed by the existing management team.