Ron Dennis set to be ousted from McLaren Group next week

Ron Dennis is poised to lose his positions as chairman and CEO of the McLaren Group as early as next week, Autosport understands

Ron Dennis set to be ousted from McLaren Group next week

Dennis has been involved in a two-year behind-the-scenes struggle that is now set to result in him being ousted in a boardroom coup.

The 69-year-old, who has been involved with the Formula 1 team since 1980, was recently informed his contract would not be renewed when it expires at the end of the year.

That seemingly prompted Dennis into launching a last-ditch takeover bid in conjunction with a Chinese consortium, reportedly worth an estimated £1.65billion.

Dennis currently holds a 25% stake in the McLaren Group, with a further 25% owned by long-time business partner Mansour Ojjeh, and the remaining 50% in the hands of Bahrain sovereign wealth fund Mumtalakat.

It is understood Ojjeh and Mumtalakat responded to Dennis's takeover plot with their own counter-measure to remove him from office.

Sky News has reported Dennis was recently in the High Court seeking an injunction against a move to place him on gardening leave until his contract expires.

It has been suggested the High Court rejected such a course of action.

The fight for power inside McLaren's boardroom now looks set to end with the man who has played the most significant role in building up the F1 team and the company over the past three and a half decades losing his most important battle yet in ignominious fashion.

When contacted McLaren would not comment.

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