Ron Dennis has sold his shares in the McLaren Group. Will he be rewarded for this, among other things, with legendary Formula One bolts from his great time as team leader? This is by no means impossible, because according to an official document, 13 racing cars were actually designated as a security for an outstanding payment of 37,5 million pounds (converted to 41,4 million euro).
Below are the most historic bolts of the Dennis era, starting with John Barnard’s first carbon fibre chassis of Formula One history, the MP4-1. Other in the program: the actual world championship cars of Niki Lauda (1984), Alain Prost (1989), Ayrton Senna (1990 and 1991), Mika Hakkinen (1998 and 1999) and Lewis Hamilton (2008) as well as Senna’s last winning car from the Australian Grand Prix 1993 and the test car with the Lamborghini engine that never came to race.
Nevertheless, everything indicates that McLaren was able to raise the money. The matter is settled,”says Dennis’successor Zak Brown at the request of’Motorsport-Total.com’. The said 37,5 million pounds are only a fraction of the sum Dennis owes after leaving McLaren. Overall, it is 275 million pounds (converted into 304 million euro) that he receives for his 25th percent at the McLaren Group. The payout is said to have been financed with loan capital.
Simplification of the business model
Now the business model of the McLaren Group should be which consists of McLaren Automotive and the McLaren Technology Group are simplified.” The shares from the different groups have now been merged,”explains Brown. There is now a group of shareholders that has been brought together. The shareholders of the McLaren Technology Group are now also migrating to the automotive group.”By the way, the McLaren Technology Group also includes the Formula One team.
The new structure considers the McLaren boss to be the right way. It is very good for business when the groups are brought together. This only makes us stronger, gives us several areas in which we can invest, in which we can work more closely together. This combination creates something good. We can also afford to make decisive investments in our team.”
And Jonathan Neale, CEO of the McLaren Technology Group, is pleased that”things are now being simplified”. However, the McLaren original does not consider a fundamental restructuring necessary.” It is simply a question of clarifying again what the brand stands for and what it does not stand for. And we have an exciting strategy that covers both the sports car sector and the use technology, and we have a lot of work ahead of us to become competitive again in Formula One.”