Paddy McNally

Last updated

Paddy McNally
Patrick McNally 1970.png
McNally at the Belgian Grand Prix in 1970
Born
Patrick Sean McNally

(1937-12-20) 20 December 1937 (age 86)
Gravesend, Kent, England
NationalityBritish, Irish, Swiss
Occupations
  • Businessman
  • racing driver
  • journalist
  • socialite
Years active1963–2011
Known forFormula 1 and association with Sarah Ferguson
Spouse
Anne Downing
​
​
(m. 1967;died 1980)​
Children2

Patrick Sean McNally (born 20 December 1937) [1] is a British businessman, former racing driver, and socialite. He was chief executive of Allsport Management, a Swiss-based company part of the Formula One Group, which controlled Formula One advertising and hospitality via the Paddock Club.

Contents

Early life

McNally was born on 20 December 1937 [1] in Gravesend, England. [2] He was the fourth and youngest son of G/Capt. Patrick McNally, an Irish medical officer in the Royal Air Force, [3] and Mary Deane Outred. [4] He grew up in County Monaghan, Ireland, and was educated at Stonyhurst College. [4] He initially worked in London as a Grand Prix reporter. [4] [5] [6]

Career

Beginning his career as a motorsports journalist for Autosport magazine, McNally was also involved in sports car racing in the 1960s. [7] He then moved to Switzerland and worked for Philip Morris's Marlboro as a sponsorship consultant. [5] [6] Later he was a driver manager of Niki Lauda and James Hunt, respectively. [8]

McNally began working with Bernie Ecclestone in the late 1970s. [6] In 1984, he set up Allsport Management SA, a company which provided corporate hospitality and trackside advertising for Formula One events. [9] Based in Geneva, Allsport and related Allsopp Parker & Marsh (APM), registered in Ireland, [10] owned the trackside advertising rights at Formula One circuits and operated the Formula One Paddock Club, the Grand Prix hospitality provider. [11] [12] [13]

McNally, along with Ecclestone and Max Mosley, is considered a principal architect of modern Formula One. [14]

In March 2006, he sold Allsport Management to CVC for an estimated £300 million. [15] [16] He remained chief executive until 2011, when he announced his retirement. [17] [18]

Personal life

According to the 2014 Sunday Times Rich List , McNally has a net worth of £510 million. [19]

McNally was formerly married to the daughter of Ken Downing with whom, before her death in 1980, he had two sons. [3] He dated Sarah Ferguson (later Duchess of York) between 1982 and 1986. [20] [21] [22] The pair remain close friends. [23] He has homes in the Côte d'Azur and Switzerland, notably chalets in Verbier. [24] [25] [26] He also owns Warneford Place, Wiltshire, the former home of Ian Fleming. In 2004, the property was burgled. [27]

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References

  1. 1 2 "Patrick McNally | BRDC Members | British Racing Drivers' Club". www.brdc.co.uk. Retrieved 29 May 2023.
  2. ↑ "FreeBMD Entry Info". www.freebmd.org.uk. Retrieved 29 May 2023.
  3. 1 2 Seward, Ingrid (1991). Sarah, HRH the Duchess of York : a biography. Internet Archive. London : HarperCollins. p. 78. ISBN   978-0-00-215188-7.
  4. 1 2 3 McNally, Peter (2013). The Time of My Life. Mereo Books, mereobook, mereobooks. pp. 1–7. ISBN   978-1-909304-59-8.
  5. 1 2 Bower, Tom (2011). No Angel: The Secret Life of Bernie Ecclestone. Internet Archive. London : Faber & Faber. pp. 128–130. ISBN   978-0-571-26929-7.
  6. 1 2 3 "Paddy McNally". www.grandprix.com. Retrieved 29 May 2023.
  7. ↑ "Paddy McNally | Racing career profile | Driver Database". www.driverdb.com. Retrieved 31 January 2023.
  8. ↑ "Ireland's Rich List: 41-50". Independent.ie. 31 March 2010. Retrieved 29 May 2023.
  9. ↑ "Paddy McNally". Irish Independent. Retrieved 17 August 2020.
  10. ↑ "Irish firm linked to F1 made profits of ?137k". Independent.ie. 30 October 2004. Retrieved 29 May 2023.
  11. ↑ Saward, Joe (4 January 2000). "The Paddock Club". GrandPrix.com. Archived from the original on 6 November 2011. Retrieved 18 October 2006.
  12. ↑ Mosley, Max (2015). Formula One and Beyond: The Autobiography. Simon & Schuster UK. ISBN   978-1471150197.
  13. ↑ "McNally to be CEO of Formula One PLC". www.grandprix.com. Retrieved 21 February 2023.
  14. ↑ "Business F1 Magazine on McNally, Ecclestone and Mosley" . Retrieved 17 February 2023.
  15. ↑ "CVC buys Allsport - Grandprix.com". www.grandprix.com. Retrieved 20 February 2023.
  16. ↑ "Grand prix, grand prizes". The Economist. ISSN   0013-0613 . Retrieved 21 February 2023.
  17. ↑ "Allsport boss Patrick McNally to retire". Reuters. 7 December 2010. Retrieved 17 August 2020.[ dead link ]
  18. ↑ Dron, Will (6 May 2017). "Driving Rich List 2017: Triumph chief powers into second place but Bernie Ecclestone stays top". Sunday Times Driving. Retrieved 2 March 2018.
  19. ↑ "2014 Sunday Times Rich List reveals wealthiest Brits in motoring". Driving.co.uk from The Sunday Times. 16 May 2014. Retrieved 29 May 2023.
  20. ↑ "Fergie: Bedlam Over the Bride". The Washington Post. 1986.
  21. ↑ Cochrane, Kira (24 May 2010). "Why I feel sorry for Sarah Ferguson". The Guardian. Retrieved 2 March 2018.
  22. ↑ "McNally tops Donegal Rich List with €517m". www.donegallive.ie. Retrieved 29 May 2023.
  23. ↑ Maguire, Stephen (8 February 2011). "The Donegal millionaire who is still cutting a dash with royalty". Donegal Daily. Retrieved 29 May 2023.
  24. ↑ "The Beginnings of a Royal Catfight? Princess Diana and Sarah Ferguson's Fraught Relationship". Vanity Fair. 21 August 2013. Retrieved 11 June 2023.
  25. ↑ Times, The Sunday. "Jamie Blandford: Dodging the ghosts of Cocaine Castle". The Times . ISSN   0140-0460 . Retrieved 21 February 2023.
  26. ↑ Journal, The Gentleman's. "'Sloane Square on the Slopes': The enduring British love affair with Verbier". The Gentleman's Journal. Retrieved 25 January 2023.
  27. ↑ "Daring raid on tycoon's home". Wiltshire Gazette & Herald. 22 June 2004. Retrieved 17 August 2020.
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