F1 News, Views and Reviews

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.

McLaren and Mercedes on the divorce road

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