Bahrain buys 30% of McLaren!

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Ed
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Bahrain buys 30% of McLaren!

Post by Ed » Wed Jan 10, 2007 9:47 pm

No this isn't a strange rumour!

The Kingdom of Bahrain through one of its fully owned companies (The Bahrain Mumtalakat Holding Company) has acquired a 30% stake in the team.

DaimlerChrysler remain the biggest shareholders with 40% while both Ron Dennis and the TAG Group now own 15% each.

The deal requires regulatory clearances but is expected to be approved.

McLaren announced that company will continue to be managed by the existing management team.

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