Business Irish

Monday 5 December 2016

Allsport boss McNally takes the chequered flag on long F1 career Apportioning blame

Published 10/12/2010 | 05:00

PATRICK McNally, the Irish-born associate of Formula One supremo Bernie Ecclestone, has decided to retire from the helm of the company that runs the motor racing's trackside advertising and corporate hospitality.

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Mr McNally, who is a former boyfriend of Sarah Ferguson, made hundreds of millions of pounds from Swiss-based Allsport Management, which manages commercial marketing rights for Ecclestone's Formula One Group as well as running the 'Paddock Club' for teams and sponsors.

McNally founded Allsport 27 years ago and has an estimated fortune of £562m (€670m) according to this year's 'Sunday Times' rich list.

He will continue to be involved in a non-executive capacity. The former racing driver is a brother of boxer Joe McNally.

Hamilton quits WH Ireland

FORMER Allied Irish executive Lindsey Hamilton shocked the City yesterday when she quit her job as WH Ireland's head of wealth management.

Lindsey's exit comes after a turbulent period for the Manchester-based stockbroker, which has seen its share price go down from just over 190p in 2007 to around 55p. Hamilton is no stranger to employers with troubles.

She brought a team from Allied Irish when she moved to WH Ireland last year after spending five years building up the Irish bank's wealth management unit in the UK.

A spokeswoman said there had been no other departures.

Apportioning blame

VODAFONE chairman Brian Patterson was in fine form as he addressed the busy Kilkenny Chamber of Commerce's annual dinner recently.

Arriving late due to the snow he gave a controversial speech which blamed all sections of society for the current economic crisis which has beset the country and citizens.

The message from the former chairman of the Financial Regulator left his Newpark Hotel audience clearly divided with some praising his call to action, criticism of the media and general optimism.

Other members of this active chamber were aghast at the former regulator's efforts to share the blame.

Irish Independent

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