Bahrain to take stake in McLaren
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.McLaren's team principal, Ron Dennis, and Mansour Ojjeh, of TAG Group Holdings, have agreed to sell 30 per cent of the McLaren Group to Bahrain Mumtalakat Holding, a company wholly owned by the Kingdom of Bahrain.
If the deal is cleared by competition authorities, DaimlerChrysler will own 40 per cent, the Bahrainis 30 per cent and Dennis and Ojjeh 15 per cent apiece. Dennis is expected to continue running the team.
There will be a Formula One test session at the Sepang Circuit in Malaysia in March to plug the three-week gap between the opening grand prix in Australia on 18 March and the second race in Malaysia on 8 April.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments