Formula One: McLaren Legend Dennis Forced To Quit: BBC
Muhammad Rameez Published November 15, 2016 | 11:05 PM
LONDON, , (APP - UrduPoint / Pakistan Point News - 15th Nov, 2016 ) - The highly respected Ron Dennis has quit as boss of Formula One outfit McLaren after 35 years at the top due to a shareholders uprising on Tuesday according to the BBC.
The 69-year-old -- who helped guide the likes of James Hunt and Ayrton Senna to the world title -- quit after shareholders demanded at a meeting he step down as chairman and chief executive.
According to reports, Dennis last week presented a $2 billion takeover offer from a Chinese consortium which did not go down well with the shareholders.
Dennis had applied to the High Court in London last Friday for an injunction to prevent the boardroom shake-up but lost and had been on gardening leave.
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