Paddy McNally explained

Paddy McNally
Birth Name:Patrick Sean McNally
Birth Date:20 December 1937
Birth Place:Gravesend, Kent, England
Nationality:British, Irish, Swiss
Years Active:1963–2011
Known For:Formula 1 and association with Sarah Ferguson
Children:2

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.

Early life

McNally was born on 20 December 1937 in Gravesend.[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. He grew up in County Monaghan, Ireland, and was educated at Stonyhurst College.[4] He initially worked in London as a Grand Prix reporter.[5]

Career

Beginning his career as a motorsports journalist for Autosport magazine, McNally was also involved in sports car racing in the 1960s.[6] 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.[8]

McNally began working with Bernie Ecclestone in the late 1970s. 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. 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]

Notes and References

  1. Web site: Patrick McNally BRDC Members British Racing Drivers' Club . 2023-05-29 . www.brdc.co.uk.
  2. Web site: FreeBMD Entry Info . 2023-05-29 . www.freebmd.org.uk.
  3. Book: Seward, Ingrid . Sarah, HRH the Duchess of York : a biography . 1991 . London : HarperCollins . Internet Archive . 978-0-00-215188-7 . 78.
  4. Book: McNally, Peter . The Time of My Life . 2013 . 978-1-909304-59-8 . 1-7 . en.
  5. Book: Bower, Tom . No Angel: The Secret Life of Bernie Ecclestone . 2011 . London : Faber & Faber . Internet Archive . 978-0-571-26929-7 . 128-130.
  6. Web site: Paddy McNally Racing career profile Driver Database . 2023-01-31 . www.driverdb.com.
  7. Web site: Paddy McNally . 2023-05-29 . www.grandprix.com.
  8. Web site: 2010-03-31 . Ireland's Rich List: 41-50 . 2023-05-29 . Independent.ie . en.
  9. News: Paddy McNally . Irish Independent . 17 August 2020. en.
  10. Web site: 2004-10-30 . Irish firm linked to F1 made profits of ?137k . 2023-05-29 . Independent.ie . en.
  11. Web site: Saward . Joe . 4 January 2000 . The Paddock Club . dead . https://web.archive.org/web/20111106202354/http://www.grandprix.com/ft/ft00351.html . 6 November 2011 . 18 October 2006 . GrandPrix.com.
  12. Book: Mosley, Max . Formula One and Beyond: The Autobiography . Simon & Schuster UK . 2015 . 978-1471150197.
  13. Web site: McNally to be CEO of Formula One PLC . 2023-02-21 . www.grandprix.com.
  14. Web site: Business F1 Magazine on McNally, Ecclestone and Mosley . 2023-02-17 . en-GB.
  15. Web site: CVC buys Allsport - Grandprix.com . 2023-02-20 . www.grandprix.com.
  16. News: Grand prix, grand prizes . 2023-02-21 . The Economist . 0013-0613.
  17. News: 7 December 2010 . Allsport boss Patrick McNally to retire . 17 August 2020 . Reuters . en-GB.
  18. News: Dron . Will . 6 May 2017 . Driving Rich List 2017: Triumph chief powers into second place but Bernie Ecclestone stays top . 2 March 2018 . Sunday Times Driving . en-GB.
  19. Web site: 2014-05-16 . 2014 Sunday Times Rich List reveals wealthiest Brits in motoring . 2023-05-29 . Driving.co.uk from The Sunday Times . en-GB.
  20. Web site: 1986 . Fergie: Bedlam Over the Bride . The Washington Post.
  21. Web site: Why I feel sorry for Sarah Ferguson. Cochrane. Kira. 24 May 2010. The Guardian. en. 2 March 2018.
  22. Web site: McNally tops Donegal Rich List with €517m . 2023-05-29 . www.donegallive.ie . en.
  23. Web site: Maguire . Stephen . 2011-02-08 . The Donegal millionaire who is still cutting a dash with royalty . 2023-05-29 . Donegal Daily . en-US.
  24. Web site: 2013-08-21 . The Beginnings of a Royal Catfight? Princess Diana and Sarah Ferguson’s Fraught Relationship . 2023-06-11 . Vanity Fair . en-US.
  25. News: Times . The Sunday . Jamie Blandford: Dodging the ghosts of Cocaine Castle . 2023-02-21 . en . 0140-0460.
  26. Web site: Journal . The Gentleman's . 'Sloane Square on the Slopes': The enduring British love affair with Verbier . 2023-01-25 . The Gentleman's Journal . en-GB.
  27. News: Daring raid on tycoon's home. 22 June 2004 . Wiltshire Gazette & Herald. en. 17 August 2020.

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