Date registered: Sep 2004
Vehicle: 1985 500SEC, 1991 190E 2.6.
Location: Los Angeles / Hannover Germany
Mentioned: 11 Post(s)
Quoted: 1015 Post(s)
McLaren alcohol ban/ sell Shares to Bahrain
McLaren impose alcohol ban
Sat 20 Jan, 1:10 PM
Ron Dennis has banned McLaren's 2007 driver lineup from drinking alcohol.
Despite Ferrari-bound Kimi Raikkonen's supposed alcoholic indiscretions during his tenure in 2002-2006, the Woking based team's chairman suggested that the only sips taken by Lewis Hamilton or world champion Fernando Alonso this year should be champagne on the podium.
After his drivers trained with Olympic athletes in Finland, Dennis told the Mirror: "We don't see why drivers need to have even one drink in the course of a season."
The irony of Dennis' stance, however, is that whiskey sponsor Johnnie Walker's McLaren-associated slogan for this year is: "Be a champion. Drink responsibly."
Or could the new McLaren partner, the Kingdom of Bahrain, be the reason?
BAHRAIN CONFIRMS STRATEGIC INVESTMENT IN McLAREN GROUP
The Bahrain Mumtalakat Holding Company a wholly owned company of the Kingdom of Bahrain announced today that it had entered into an agreement, by way of a strategic investment, to acquire a 30% stake in McLaren Group Limited following a period of extensive discussions with the existing McLaren Group shareholders, Ron Dennis (McLaren Group Chairman & CEO), TAG Group (Holdings) SA and DaimlerChrysler AG.
As is required, an application is currently being made for the necessary competition law clearances which are expected to be received within a period of 6 weeks.
Other than to confirm that the new shareholding structure of the McLaren Group post completion would become 40% DaimlerChrysler, 30% Mumtalakat Holding Company, 15% Ron Dennis and 15% TAG Group (Holdings) SA and that the company will continue to be managed by its existing management team, no further comment will be made at this stage. Upon regulatory clearances being obtained and completion a full media statement will be issued.
The fact that Daimler Chrysler didn't pick up the shares is interesting.