LONDON -- Ron Dennis, the veteran head of the McLaren Formula One team, has been forced out following a boardroom dispute.The announcement on Tuesday brings to an end Dennis 36-year stay with the British team, relinquishing his position as chairman and chief executive of one of Formula Ones most successful teams.Dennis attacked the entirely spurious reasons for the decision.I am disappointed that the representatives of TAG and Mumtalakat, the other main shareholders in McLaren, have forced through this decision to place me on gardening leave, despite the strong warnings from the rest of the management team about the potential consequences of their actions on the business, Dennis said in a statement. The grounds they have stated are entirely spurious; my management style is the same as it has always been and is one that has enabled McLaren to become an automotive and technology group that has won 20 Formula One world championships and grown into an 850 million-pound ($1 billion) a year business.Throughout that time I have worked closely with a series of talented colleagues to keep McLaren at the cutting edge of technology, to whom I will always be extremely grateful.Dennis holds a 25 percent stake in the McLaren Technology Group. Saudi businessman Mansour Ojjeh also holds 25 percent of the business, with the remaining 50 percent in the hands of Bahrain sovereign wealth fund Mumtalakat.Ultimately it has become clear to me through this process that neither TAG nor Mumtalakat share my vision for McLaren and its true growth potential, said Dennis, who has been involved with McLaren since 1980. But my first concern is to the business I have built and to its 3,500 employees. I will continue to use my significant shareholding in both companies and my seats on both boards to protect the interests and value of McLaren and help shape its future.Dennis stood down as McLaren team principal in 2009 but returned as chief executive five years later.The Englishman oversaw Ayrton Senna and Alain Prosts historic tussle for the title as McLaren drivers in 1988 and 1989 before Mika Hakkinen clinched back-to-back championships with the Woking-based outfit in 1998 and 1999. Hamilton also won his first title in only his second year in the sport as a McLaren driver back in 2008.But the British teams success has dried up in recent years, and their renewed relationship with Japanese engine manufacturer Honda has failed to provide a return to winning ways. Fernando Alonso was only 10th at the recent Japanese Grand Prix while his teammate Jenson Button crossed the line in last position. 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Galatasaray said in a statement on its website Monday that Mancini signed a three-year contract and will be paid 3.5 million euros for the upcoming season, with his salary upped to 4.Mercedes boss Toto Wolff has dismissed suggestions Nico Rosberg is the title favourite and tipped Lewis Hamilton to quickly close the gap. Rosberg has won all three of 2016s grands prix thus far and opened up a 36-point advantage at the top of the drivers championship after victory in Shanghai where Hamilton finished seventh.However, with a record 21 races this year, Wolff insists the title fight is far from over with 18 grands prix still to come. Asked if Rosberg was the favourite, the Austrian replied: No. It is just three out of 21, so statistically there is so much more to come that you cant speak about any favourite. Hamilton: Im out jokers Lewis Hamilton admits he cannot afford another poor weekend in 2016 At this stage of the season its about collecting points without looking at the championship.Lewis has every reason to be upset about the result. He wouldnt be a three-time world champion if that didnt upset him, but I have no doubt he will make a quick recovery.The gap is substantial but it is very early days. He is mentally very strong so I have no doubt that it will be close at the end. Lewis Hamilton finished seventh after starting from the back of the grid, but his chances of a stronger result were compromised by a broken front wing Next up, F1 heads to Russia where Hamilton boasts a 100 per cent record having won both previous races at the Sochi Autodrom.dddddddddddd Dont miss the F1 Report on Wednesday at 8:30pm on Sky Sports F1 for full analysis of an action-packed Chinese Grand Prix at the Shanghai International Circuit. Natalie Pinkham is joined in the studio by Marc Priestley and Alex Lynn. Also See: Chinese GP report: Rosberg wins Nico: Lewis remains benchmark ' ' '
