In the round-up: McLaren has issued a strong denial in reaction to a newspaper report which claimed one of its major shareholders had left the team.

What they say

McLaren said “the story in the UK’s Independent by Christian Sylt is entirely misleading” and stated they had not been approached prior to publication to check whether any of the details contained in it were accurate.

“Mansour Ojjeh has not left the business and remains a director of McLaren Group, the second largest shareholder and a fully involved member of the Executive Committee of McLaren,” it added.

The team said it is “in the process of simplifying our corporate structure following the reorganisation of the group last year.”

“An important part of this has been the decision of the McLaren Group to populate its operating subsidiary company boards with purely executive directors, rather than some non-executives, hence the various resignations. Mansour is simply one of those non-executive directors.

“However, the executive directors that have all decided to resign from the subsidiary company boards obviously remain as directors of the parent company, McLaren Group Limited.

“Nothing in practice has changed other than a decision that makes for a more efficient and practical process.”

The original story has since been deleted. An altered version of the article was later published.