Ron Dennis is planning to increase his shareholding in the McLaren Group so that he will have a majority stake.
Dennis currently owns 25% of the company, with 25% in the hands of TAG and the remaining 50% owned by Bahrain’s Mumtalakat.
It’s understood that as early as next year TAG and Mumtalakat will sell a chunk of their stock to Dennis, although both will retain a stake in the company, and no deal has been finalised as yet.
“No transaction has taken place, but the shareholders have had discussions on how to best facilitate and enhance the future growth of the McLaren Group,” said a McLaren spokesman.
“When and if a transaction takes place, it is not envisioned that the current shareholders will exit McLaren completely, and announcements would be made at the appropriate time.”