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McLaren after Zak Brown?

Published on 26 Oct 2016 09:52
2
By: Dominik Wilde

McLaren are reportedly in contact with Zak Brown over the possibility that he could replace Ron Dennis at the helm of the company.

Dennis, who is a 25% shareholder in McLaren, is reportedly being forced out by fellow shareholders Mansour Ojjeh (25%) and Bahrani sovereign wealth fund Mumtakakat (50%), after an earlier attempt to secure funding to takeover a controlling interest in the company failed.

If Dennis is to be ousted, he would retain his stake in the company he has run for 35 years, but he would no longer have any role in running the business.

The BBC are now reporting that Formula One sponsorship guru Zak Brown has been approached to replace Dennis.

Brown resigned from his former role as boss of the marketing agency JMI in September, and has been linked with a leadership role with F1's new owners Liberty Media.

The American was reportedly approached after ex-Ferrari and Mercedes F1 technical director Ross Brawn, former McLaren F1 team boss Martin Whitmarsh and former Sainsbury's head and current Manor Racing Team owner Justin King turned down the role.

The desire to have Brown fill the role that will likely be left by Dennis is his ability to attract sponsorship.

Brown was key in bringing major sponsors UBS (F1 Group), Martini (Williams) and Johnnie Walker (McLaren) into Formula One, but McLaren themselves haven't had a title sponsor since Vodafone cut ties with them at the end of 2013.

In fact, the team has seen a number of long-term partners depart in recent years, with Mercedes-Benz, Hugo Boss, and Tag Heuer all focusing their resources elsewhere.

Exxon Mobil are also set to join the sponsor exodus next season after 21 years with the team.

They are set to join Red Bull Racing next year, although McLaren have managed to attract BP/Castrol as their new fuel and lubricant supplier - a deal that Renault had been favourite to secure.

calle.itw

Posts: 8,527

ExxonMobil to leave McLaren? Not sure, E.M hasnt confirmed anything on that, and they deepened the partnership with McLaren quite recently. Besides, they are McLaren's sole supplier of lubrication, fuel and anything related, while over at Red Bull they'll be nothing but stickers, since Red Bull a... [Read more]

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Oct 26 2016 - 13:03

F1 News Jordan King Jake Dennis Renault Mercedes Williams McLaren Red Bull Racing Ferrari Manor Motorsport

Replies (2)

calle.itw

Posts: 8,527
ExxonMobil to leave McLaren? Not sure, E.M hasnt confirmed anything on that, and they deepened the partnership with McLaren quite recently. Besides, they are McLaren's sole supplier of lubrication, fuel and anything related, while over at Red Bull they'll be nothing but stickers, since Red Bull already get all of that from Total. Would be a pity if they did leave though.
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- Oct 26 2016 - 13:03
- ForzaRosso
  
  Posts: 5
  The deal has reportedly already been signed, just not announced. Total's partnership with Red Bull stems from their time as the Renault works team - Total have recently shifted the majority of their motorsport backing from Renault to PSA so that makes perfect sense. Any deal Exxon Mobil deal with Red Bull will be in the same vein as their current agreement with McLaren, with BP replacing Exxon Mobil at McLaren.
  
  Nothing's impossible, Tag and Hugo Boss have already jumped ship after long term deals, it wouldn't be surprising if Exxon Mobil followed suit.
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  Oct 26 2016 - 15:59