McLaren Regain Mercedes Share Holding In Team
McLaren boss Martin Whitmarsh has announced that McLaren Autmotive Holdings have purchased back a significant amount of the shares owned by Mercedes Benz in the McLaren F1 Team.
Prior to buying Brawn GP and turning it into a works Mercedes Benz outfit, the German car manufacturer bought up a significant portion of the team during their close partnership between 1997 and 2009, approximately 40% of the team was owned by them at the end of last year.
Ron Dennis, the former team principal owns 15% and is now in charge of their road car division, which launched the eagerly anticipated MP4-12C yesterday, a 200mph supercar designed to compete with the Ferrari 458 Italia and Aston Martin DBS.
Mansour Ojjeh, a Saudi Arabian businessman owns another 15% portion, and Mumtalakat, a Bahrain investor owns 30%.
“I think it is about 11 per cent that is still owned by Mercedes, but it’s not an important or significant number,” Whitmarsh was quoted as saying by Reuters.