Ron Dennis to cut ties with McLaren board in £275m deal

McLaren founder and former chairman will focus on ‘other interests’ and will continue as consultant for F1 carmaker

Ron Dennis has severed ties with McLaren, stepping down from the board of the motor sport and technology companies he built up over 37 years.

The former chairman and chief executive of the British Formula One carmaker will sell his shareholdings in a transaction valued at about £275m.

Related: Is McLaren’s lack of competitiveness harming their reputation and heritage?

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Source: Formula 1

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