Bahrain Government Buys 30% Stake in McLaren

The Bahraini government owned Bahrain Mumtalakat Holding Company, chaired by Sheikh Ahmed bin Mohammed Al Khalifa, the country’s Finance Minister and royal family member, has bought a 30% shareholding in the McLaren Group. This would make the Bahraini Kingdom the second largest owner in the group after DaimlerChrysler with 40% ownership and ahead of Ron Dennis and the TAG Group each with 15%. TAG, which stands for Techniques d’Avant Garde, has had a long involvement with McLaren and was originally made famous for its holding in TAG Heuer watches.


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BMW_DRVR - 1/10/2007 11:44:20 AM

+1 Boost

Didn't Mercedes want to buy out McLaren?

07mcs - 1/10/2007 1:57:07 PM

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40% mercedes
30% Bahrain
15% Ron Dennis
15% Tag Group

I think that is the breakdown if I recall.

For more news on Formula 1, go to www.planet-f1.com
or www.formual1.com

JUGNU - 1/11/2007 4:02:42 AM

+1 Boost

I heared rumours of this before.

It goes like this.The original owner and director of A1 GP was a Dubai sheikh.And after owning it for nealry 2 years he sold all of his stake in Mid-2006 to a Briton Company.

Then he was intrested to buy a stake in a successful F1 team.Renault or Ferrari or Mclaren.

But now this came out.Behrain buys 30% stake in Mclaren.Maybe ex A1 GP owner will try for the Renault.
I wonder why Arabs are buying stakes and investing in the Motorsport nowadays.

JUGNU