Paddy McNally

Last updated

Paddy McNally
Born
Patrick Sean McNally

(1937-12-20) 20 December 1937 (age 86)
Donegal, Ireland [1]
Occupations
  • Businessman
  • racing driver
  • journalist
Years active1963–2011
Known forFormula 1 and association with Sarah Ferguson
Children2

Patrick Sean McNally (born 20 December 1937) [2] is an Irish businessman and former journalist. He was the founder and chief executive of Allsport Management, a Swiss-based company which controlled Formula One advertising and hospitality for the Paddock Club. [3]

Contents

Early life

McNally was born on 20 December 1937 [2] in Stranorlar, County Donegal, Ireland. [1] [4] [5] He grew up on a farm in County Monaghan [6] and initially worked in London as a Grand Prix reporter. [7]

Career

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

McNally began working with Bernie Ecclestone in the late 1970s. [7] In 1984, he founded Allsport Management SA, a company which provided corporate hospitality and trackside advertising for Formula One events. [8] Based in Geneva, Allsport and related Allsopp Parker & Marsh (APM), registered in Ireland, [9] owned the trackside advertising rights at Formula One circuits and operated the Formula One Paddock Club, the Grand Prix hospitality provider. [5]

In 2006, he sold Allsport Management to CVC for $334 million. [4] [10]

Personal life

According to the Sunday Times Rich List , McNally has a net worth of £510 million. [11]

McNally dated Sarah, Duchess of York. [12] [13] [14] The pair remain close friends. [15] He has homes in the Côte d'Azur and Switzerland, notably chalets in Verbier. [16] [17] He also owns Warneford Place, Wiltshire, the former home of Ian Fleming. In 2004, the property was burgled. [18]

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References

  1. 1 2 "Irish Rich List 2019: profiles 18-50, featuring U2". The Sunday Times. 24 March 2019. Retrieved 30 July 2021.
  2. 1 2 "Patrick McNally | BRDC Members | British Racing Drivers' Club". www.brdc.co.uk. Retrieved 29 May 2023.
  3. ↑ Saward, Joe (4 January 2000). "The Paddock Club". GrandPrix.com. Archived from the original on 6 November 2011. Retrieved 18 October 2006.
  4. 1 2 "Paddy McNally". Irish Independent. Retrieved 17 August 2020.
  5. 1 2 3 "Ireland's Rich List: 41-50". Independent.ie. 31 March 2010. Retrieved 29 May 2023.
  6. ↑ McNally, Peter (2013). The Time of My Life. p. 7. ISBN   978-1-909304-59-8.
  7. 1 2 3 "Paddy McNally". www.grandprix.com. Retrieved 29 May 2023.
  8. ↑ "Paddy McNally". Irish Independent. Retrieved 17 August 2020.
  9. ↑ "Irish firm linked to F1 made profits of ?137k". Independent.ie. 30 October 2004. Retrieved 29 May 2023.
  10. ↑ "Paddy McNally". Independent.ie. 25 January 2019. Retrieved 29 May 2023.
  11. ↑ "2014 Sunday Times Rich List reveals wealthiest Brits in motoring". Driving.co.uk from The Sunday Times. 16 May 2014. Retrieved 29 May 2023.
  12. ↑ "Fergie: Bedlam Over the Bride". The Washington Post. 1986.
  13. ↑ Cochrane, Kira (24 May 2010). "Why I feel sorry for Sarah Ferguson". The Guardian. Retrieved 2 March 2018.
  14. ↑ "McNally tops Donegal Rich List with €517m". www.donegallive.ie. Retrieved 29 May 2023.
  15. ↑ Maguire, Stephen (8 February 2011). "The Donegal millionaire who is still cutting a dash with royalty". Donegal Daily. Retrieved 29 May 2023.
  16. ↑ "The Beginnings of a Royal Catfight? Princess Diana and Sarah Ferguson's Fraught Relationship". Vanity Fair. 21 August 2013. Retrieved 11 June 2023.
  17. ↑ Walsh, Niamh (16 January 2022). "Sarah Ferguson Comforted By Old Irish Flame On Ski Holiday" . Retrieved 11 June 2023.
  18. ↑ "Daring raid on tycoon's home". Wiltshire Gazette & Herald. 22 June 2004. Retrieved 17 August 2020.
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