Ron Dennis has sold his entire remaining stake in McLaren, bowing out of the prestigious company he built after 37 years.
Dennis took over McLaren in 1980, when the F1 team was struggling for success and led the outfit to multiple world titles over three decades while also developing a successful road-car division under the famous name.
Dennis and co-owners of the McLaren Group fell out in 2014 for unspecified reasons. The Brit attempted to buy the company but failed to secure the required financial backing.
Ultimately, Dennis was ousted CEO of the McLaren Technology Group late last year, although he remained a 25% shareholder and the Chairman of the company.
Dennis has now agreed to relinquish his chairmanship and sell his remaining holdings in the McLaren Technology Group and in McLaren Automotive for an alleged £275m.
For all his success at the helm of the team founded by Bruce McLaren, Ron Dennis also endured a few low points.
McLaren was fined $100m and stripped of its 2007 constructor's' points for the team's role in a Spygate saga which had seen members of McLaren collude to obtain sensitive information and data from Ferrari.
Dennis's difficult personality and uncompromising approach led to fallouts with prominent team members over the years.
Former McLaren men Adrian Newey and Paddy Lowe parted ways with McLaren before enjoying overwhelming success elsewhere.
As the team struggles to revive its former luster in F1, the man who generated most of its success has now severed all ties and permanently closed the curtain on McLaren.
GALLERY: F1 drivers' wives and girlfriends
Keep up to date with all the F1 news via Facebook and Twitter
LAST CHANCE to enter our ULTIMATE TRACKDAY competition! FREE ENTRY HERE!
