Dennis pushing for majority control of McLaren

Jul.31 (GMM) Ron Dennis has only until the end of the season to take majority control of McLaren, the German publication Speed Week reports.

The team’s ‘supremo’ is already chief executive, but it has been reported for some time that the 68-year-old has struck a deal to take over the 50 per cent stake held by Bahrain’s sovereign wealth fund.

But, according to Speed Week correspondent Gerhard Kuntschik, he only has until the end of November to get the money together. Whether Dennis can do that, Kuntschik added, is “an open question”.

The report said works engine partner Honda is waiting for the situation to unfold, with “three major Japanese companies” in the wings as potential sponsors.

A lot could depend on McLaren-Honda’s ability to improve the MP4-30 package following an abysmal first half of the 2015 season.

Lead driver Fernando Alonso admitted in Hungary to some frustration.

“Before, when we had more freedom to test and improve the car, you could still end a season in a competitive way,” he is quoted by El Confidencial newspaper.

“But now our hands are tied during the season. We test the car in Jerez and Barcelona and if it is competitive, you will have a good year. If not, you will have a bad year,” said Alonso.

Related News

  • 14/04/2017 Sauber poised for 2018 Honda switch Apr.14 (GMM) Sauber could be on the cusp of becoming the second Honda-powered team in F1. The Swiss team's Swedish driver Marcus Ericsson on Thursday said Sauber has been surprised by […]
  • 27/09/2015 Dennis says Button, Alonso staying in 2016 Sep.27 (GMM) Ron Dennis on Sunday moved to end all the speculation about the future of McLaren's driver lineup. With the struggling team and Jenson Button reportedly arguing over money, […]
  • 14/05/2016 McLaren on track for clash with FIA over engines May 14 (GMM) McLaren-Honda could be shaping up to clash with F1's governing body over the new engine regulations. Fabrice Lom, the FIA's engine chief, said in Barcelona that the rules […]
  • 27/07/2015 Button future ‘not priority now’ – Boullier Jul.27 (GMM) Jenson Button looks set to be retained by McLaren-Honda in 2016. Recently, when team supremo Ron Dennis was asked about the 2009 world champion's future, he answered: […]
  • 26/05/2016 Vandoorne ‘not for sale’ – Dennis May 26 (GMM) Team supremo Ron Dennis has warned McLaren's rivals that Stoffel Vandoorne is "not for sale". The Belgian and reigning GP2 champion, who made his impressive F1 debut in […]
  • 27/06/2016 Honda still open to supplying second team Jun.27 (GMM) Honda is still open to supplying engines to a customer F1 team. That is the claim of the Japanese marque's F1 chief Yusuke Hasegawa, even though Ron Dennis has been […]
  • 04/09/2016 Button on standby for Alonso exit – Surer Sep.4 (GMM) Jenson Button surprised the F1 paddock at Monza by announcing he is taking a sabbatical in 2017. Asked if he is retiring, the McLaren driver said: "That is a terrible word […]
  • 09/10/2015 Button defends Alonso after ‘GP2 engine’ outbursts Oct.9 (GMM) Jenson Button has defended his McLaren-Honda teammate, following Fernando Alonso's controversial radio outbursts at Suzuka. Spaniard Alonso, who called Honda's "embarrassing" […]
  • 06/05/2015 McLaren hits back at ‘critics’ in a hurry May 6 (GMM) McLaren has reacted "angrily" to claims it has failed to live up to the hype of its works Honda partnership. Ahead of the fifth race of 2015 in Spain, Britain's Times […]
  • 05/04/2015 McLaren drivers ‘happy with the car’ – Dennis Apr.5 (GMM) McLaren supremo Ron Dennis is confident the team can emerge from the early troubles of the new Honda era. He is quoted by France's L'Equipe as saying the bright side of the […]