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Ron Dennis confirmed Tuesday he has quit as boss of Formula One outfit McLaren after 35 years after pressure from investors.Dennis has a 25 percent stake in McLaren while Bahrain's Mumtalakat investment fund owns 50 percent and the remaining 25 percent is held by his longtime business partner Mansour Ojjeh, a Saudi-born Frenchman. However, Dennis and Ojjeh fell out a while ago and that parting of the ways has come back to haunt the Englishman as Ojjeh sided with the Bahrainis.According to reports, the relationship reached breaking point when Dennis last week presented a $2 billion takeover offer from a Chinese consortium and that did not go down well with the shareholders.
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