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Paddy McNally
British businessman and racing driver (born 1937) From Wikipedia, the free encyclopedia
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Patrick Sean McNally (born 20 December 1937) is a British businessman, former racing driver, and socialite. He was chief executive of Allsport Management, a Swiss-based company which controlled Formula One advertising and hospitality via the Paddock Club.
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Early life
McNally was born in Gravesend on 20 December 1937,[1][2] the son of G/Capt. Patrick McNally, a Royal Air Force officer, and Mary Deane Outred.[3][4] He grew up in County Monaghan, Ireland, and was educated at Stonyhurst College where he excelled as a rugby player and boxer.[4] A relative of racing driver Redmond Gallagher,[5] he initially worked in London as a Grand Prix reporter.[6][7]
Career
Beginning his career as a motorsports journalist for Autosport magazine, McNally was also involved in sports car racing himself in the 1960s.[8] Residing in Lausanne, Switzerland, he then worked for Philip Morris's Marlboro as a sponsorship consultant.[6][7] Later he was a driver manager of Niki Lauda and James Hunt, respectively.[9]
McNally began working with Bernie Ecclestone in the late 1970s.[7] In 1984, he set up Allsport Management SA, a company which provided corporate hospitality and trackside advertising for Formula One events.[10] Based in Geneva, Allsport and related Allsopp Parker & Marsh (APM), registered in Ireland,[11] owned the trackside advertising rights at Formula One circuits and operated the Formula One Paddock Club, the Grand Prix hospitality provider.[12][13][14]
In March 2006, he sold Allsport Management to CVC for an estimated £300 million.[15][16][17] He remained chief executive until 2011, when he announced his retirement.[18][19][20]
McNally, along with Ecclestone and Max Mosley, is considered a principal architect of modern Formula One.[21]
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Personal life
McNally dated Sarah Ferguson between 1982 and 1986; after refusing to marry her she ended up wedding Prince Andrew, Duke of York.[22][23][24] The pair remain close friends.[25][26][27] Another notable romance was with Finnish fashion model Nina 1980.[26][27]
McNally has been noted for his social prominence in the Swiss ski resort Verbier, where since 1980 he has owned several chalets locally referred to as "Cocaine Castle".[28][29][30][31][32] He is the owner of Sevenhampton Place, Wiltshire, the former home of James Bond author Ian Fleming. In 2004, the property was burgled.[33][34]
References
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