Paddy_McNally

Paddy McNally

Paddy McNally

Irish businessman (born 1937)


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]

Quick Facts Born, Occupations ...

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]


References

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

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