Zak Brown announced as new McLaren boss

McLaren Not Up For Sale Say Shareholders
Zak Brown announced as new McLaren boss
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22 November, 2016

The British outfit goes into this weekend's season-ending Abu Dhabi Grand Prix languishing in sixth place in the constructors' standings.

Long-serving boss Dennis confirmed that he had been forced to resign by fellow shareholders at a meeting last Tuesday, with Brown now coming on board as part of a new management structure.

As Brown left the McLaren headquarters in Woking, Surrey, in a chauffeur-driven auto last night, he told The Times in his first interview that he was "like a kid in a candy store".

McLaren said Brown's appointment "will be a significant part of a restructuring program that will align the group's commercial and strategic operations relating to achieving success in Formula 1".

Ron Dennis, the chairman and chief executive of McLaren and a "colossus" of Formula 1, has been ousted from the team "after bitter power struggle", that ends his 35-year reign.

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Brown was recently being rumoured on taking up a senior role with Liberty Media, F1 owners.

Still considered to be an F1 superpower, McLaren have won just one world championship this century and are without an F1 race victory since 2012. As well as persuading Fernando Alonso to stick with the underperforming team, one of his "immediate priorities will be to find a title sponsor for McLaren, who have been without one since their relationship with Vodafone ended in 2013", says the Daily Telegraph.

The team also confirmed that they had held talks about a possible takeover by Apple but stressed that the technology giants' interest "never matured into a definitive proposition".

As Reuters notes, Dennis, Bahrain-based investment group Mumtalakat, and a holding company owned by the former owner of TAG Heuer watches are the three top shareholders of McLaren. Flewitt made it clear that McLaren's shareholders want to retain ownership of the company and develop it on their own, meaning the group will likely remain independent in the foreseeable future. Thus, Brown may be just the man they need right now.


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