Paddy McNally

Patrick Sean McNally (born 20 December 1937)[1] is a British businessman, former journalist and racing driver. He was the founder and chief executive of Allsport Management, which controlled Formula One advertising and corporate hospitality for the Paddock Club.

Paddy McNally
McNally in 1970
Born
Patrick Sean McNally

(1937-12-20) 20 December 1937
Gravesend, Kent, England
NationalityBritish
Irish
Occupations
  • Businessman
  • journalist
  • racing driver
Years active1962–2011
Spouse
Anne Downing
(m. 1967; died 1980)
Children2

Beginning his career as a motorsports journalist for Autosport magazine, after several seasons of racing, McNally became a sponsorship consultant for Marlboro. Later, he was a manager of drivers James Hunt and Niki Lauda respectively. In 1983, he founded Allsport Management SA, a Swiss-based company which acquired the advertising rights for Formula One circuits. By 1984, the company had expanded its operations and established the Formula One Paddock Club, the exclusive Grand Prix hospitality provider.

McNally worked closely with Bernie Ecclestone and Max Mosley. He negotiated the third Concorde Agreement with FIA president Jean-Marie Balestre in 1992, and is considered to have been a principal architect of modern Formula One.[2][3][4]

Outside of motorsport, McNally became notable in the United Kingdom for his association with Sarah, Duchess of York who he was romantically involved with in the 1980s.[4]

Early life

McNally was born in Gravesend on 20 December 1937.[5] He was the son of Patrick McNally, an Irish medical officer from County Donegal, and his wife Mary Deane Outred. He grew up in Donegal, Ireland,[6][7][8] then abandoned training as an accountant in order to sell vacuum cleaners on hire purchase and later traded bric-à-brac on the Portobello Road.[9]

Motorsports career

Early career

McNally started his career in 1963 as a motorsports journalist, contributing to Autosport magazine.[4] By 1973, he was working in Switzerland as a sponsorship consultant for Philip Morris's Marlboro, headquartered in Lausanne, employed to promote the brand at Formula One race circuits.[10] McNally was then a driver manager for Niki Lauda;[11] he was also a manager of James Hunt, "looking after him at races for Marlboro in 1977 and 1978".[12]

Throughout the 1960s, McNally was involved in Touring car racing and other sports car racing events. In 1962, he raced a Lotus Elite at Castle Combe circuit for the British Racing and Sports Car Club (BRSCC) and finished second. By 1965, McNally raced a Shelby Cobra at Goodwood, Silverstone and Nürburgring, winning several races.[13] He subsequently entered for two seasons in the 1968 and 1969 British Saloon Car Championship, driving a Porsche 911 T/R.[14][15]

He retired from professional racing in 1970, becoming primarily focused on journalism and the commercial side of motorsport.[4]

Allsport Management

McNally began working with Bernie Ecclestone in the late 1970s.[16] By 1983, he founded Allsport Management SA, a company which provided corporate hospitality and reformed trackside advertising for Formula One events.[17] McNally's company obtained the Formula One advertising rights after a fee was paid to Ecclestone, who needed an experienced sponsorship manager to run the Grand Prix advertisements.[18]

Based in Geneva, Allsport and the related Allsopp Parker & Marsh (APM) company then had full control of the lucrative advertising rights, which it acquired from each organiser and sponsor as noted by Mosley.[19]

McNally had developed a system of signage which gave advertisers maximum exposure. Formula One and related companies were under pressure from the European Broadcasting Union to introduce standards in their advertising, and Ecclestone encouraged him to form his company as such. McNally stated that he had formed a solution to "tidy up" trackside advertising with a strategy called "themed advertising", whereby one advertiser is given full exposure at each section of the course; essentially, reducing the number of advertisers and repackaging the way they were sold. This strategy proved very successful.[16] McNally ultimately took over the sales of all Formula One trackside advertising, with the exception of the Monaco Grand Prix.[20]

Paddock Club

The Formula One Paddock Club, established by McNally in March 1984, was the Grand Prix hospitality provider and primarily modelled on Royal Ascot.[21][22] After a precarious start, by 1985, the Paddock Club gained traction as sponsors were attracted by the hospitality and advertising increased.[9]

Set up at each race around the world, with particular emphasis at Abu Dhabi and Saudi Arabian events,[22] the hospitality concept was McNally's innovation and managed by Allsport.[23] It offered luxury dining, tours and superior views for VIPs at Formula One events and eventually turned into a highly profitable business.[24] In 2006, Gulf Air's CEO Björn Näf signed a deal with McNally for the airline to become the title sponsor of the Bahrain Grand Prix.[25] The F1 Paddock Club still operates presently.[26]

CVC acquisition

On 30 March 2006, McNally sold Allsport Management to CVC Capital Partners, who acquired the company via Alpha Topco. The figure agreed was around $400 million.[27][28] McNally remained chief executive of the company until April 2011, when he announced his retirement from the Formula One circuit.[29][30]

Personal life

McNally has spent much of his life living in Switzerland.[19] Between 1982 and 1986, he dated Sarah Ferguson prior to her marriage to Prince Andrew, Duke of York.[31] Ferguson was 'desperate' to marry McNally,[32] but ultimately became engaged to the Duke of York. The pair remain close friends.[33][34]

McNally owns Warneford Place, Wiltshire, the former home of Ian Fleming.[35] In 2004, the property was burgled by the Johnson Gang.[36] In addition to Warneford, his principal residence, McNally owns Buckland House, Oxfordshire, which he renovated.[37] He also has homes in the Côte d'Azur and Switzerland, most notably in Verbier where his chalets are locally referred to as "the Castle" or "Cocaine Castle".[38][39][40][41]

After retirement, McNally has indulged in a lavish lifestyle and is an avid partaker of skiing in Switzerland and shooting at his estate in Wiltshire.[40]

Family

In 1967, McNally married Anne Downing, daughter of Ken Downing, a successful Connaught driver in the 1952 Formula One season who went on to establish a business diamond mining in South Africa. In 1969, their first son, Sean, was born, and in 1972 their second son, Rollo.[41] McNally and his wife divorced shortly before she died from cancer in 1980.[42][43] He never remarried.[40]

References

  1. "Patrick McNally | BRDC Members | British Racing Drivers' Club". www.brdc.co.uk. Retrieved 15 November 2022.
  2. "McNally to be CEO of Formula One PLC". www.grandprix.com. Retrieved 21 February 2023.
  3. "Business F1 Magazine on McNally, Ecclestone and Mosley". Retrieved 17 February 2023.
  4. "Paddy McNally - Latest Formula 1 Breaking News". www.grandprix.com. Retrieved 31 July 2022.
  5. "Paddy McNally - FameChain". www.famechain.com. Retrieved 8 May 2023.
  6. Maguire, Stephen (8 February 2011). "The Donegal millionaire who is still cutting a dash with royalty". Donegal Daily. Retrieved 8 May 2023.
  7. "Paddy McNally". Independent.ie. Retrieved 8 May 2023.
  8. "McNally tops Donegal Rich List with €517m". www.donegallive.ie. Retrieved 8 May 2023.
  9. Bower, Tom (2011). No angel: the secret life of Bernie Ecclestone. Internet Archive. London : Faber & Faber. p. 129. ISBN 978-0-571-26929-7.
  10. "Philip Morris International - Switzerland - EN". www.pmi.com. Retrieved 15 March 2023.
  11. "Ireland's Rich List: 41-50". Independent.ie. Retrieved 7 May 2023.
  12. Rubython, Tom (2010). Shunt: The Story of James Hunt. Myrtle Press. pp. 476–477. ISBN 978-0956565600.
  13. "McNally - Racing Sports Cars".
  14. "Paddy McNally | Racing career profile | Driver Database". www.driverdb.com. Retrieved 31 January 2023.
  15. "The First Homologated 911". www.blackbird-autojournal.com. 2 November 2016. Retrieved 14 February 2023.
  16. "Grand prix, grand prizes". The Economist. ISSN 0013-0613. Retrieved 21 February 2023.
  17. "Paddy McNally". Irish Independent. Retrieved 17 August 2020.
  18. "Saturday Story: The little man from nowhere who made it ever so big". The Independent. 15 November 1997. Retrieved 18 February 2023.
  19. Mosley, Max (2015). Formula One and Beyond: The Autobiography. Simon & Schuster UK. ISBN 978-1471150197.
  20. Saward, Joe (4 January 2000). "The Paddock Club". GrandPrix.com. Archived from the original on 6 November 2011. Retrieved 18 October 2006.
  21. Grandprix.com. "The Paddock Club". www.grandprix.com. Retrieved 8 March 2023.
  22. "How Formula One transformed its hospitality product". www.blackbookmotorsport.com. Retrieved 21 February 2023.
  23. Sylt, Christian. "F1 Revs Up New Business Platform For Hospitality". Forbes. Retrieved 20 April 2023.
  24. "Formula 1 Paddock Club | F1 Experiences". f1experiences.com. Retrieved 21 February 2023.
  25. "Gulf Air in new five-year F1 deal : Gulf Weekly Online". www.gulfweekly.com. Retrieved 20 April 2023.
  26. "Revenue rolls in as F1 ups its hospitality game". Financial Times. 18 November 2022. Retrieved 7 May 2023.
  27. "Constantin Medien AG -v- Bernard Ecclestone and others" (PDF). 20 February 2014. {{cite journal}}: Cite journal requires |journal= (help)
  28. "CVC buys Allsport - Grandprix.com". www.grandprix.com. Retrieved 20 February 2023.
  29. "Allsport boss Patrick McNally to retire". Reuters. 7 December 2010. Retrieved 17 August 2020.
  30. 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.
  31. DeYoung, Karen (22 July 1986). "Fergie: Bedlam Over the Bride". The Washington Post.
  32. Cochrane, Kira (24 May 2010). "Why I feel sorry for Sarah Ferguson". The Guardian. Retrieved 2 March 2018.
  33. Dorman, Nick (23 December 2012). "Frozen out: Sarah Ferguson set for £17,000-a-week snowy Christmas getaway". mirror. Retrieved 20 April 2023.
  34. "Sarah Ferguson Comforted By Old Irish Flame On Ski Holiday". 16 January 2022. Retrieved 25 January 2023.
  35. "Paddy McNally". Irish Independent. Retrieved 17 August 2020.
  36. "Daring raid on tycoon's home". Wiltshire Gazette & Herald. 22 June 2004. Retrieved 17 August 2020.
  37. "Georgian property: Buckland House lives again". www.telegraph.co.uk. Retrieved 25 January 2023.
  38. Times, The Sunday. "Jamie Blandford: Dodging the ghosts of Cocaine Castle". ISSN 0140-0460. Retrieved 21 February 2023.
  39. Journal, The Gentleman's. "'Sloane Square on the Slopes': The enduring British love affair with Verbier". The Gentleman's Journal. Retrieved 25 January 2023.
  40. Hodgkin, Emily (17 August 2018). "Sarah Ferguson dated this man before she married Andrew". Express.co.uk. Retrieved 31 January 2023.
  41. Kretschmer, Anna (11 October 2019). "Why Sarah Ferguson feared Prince Andrew would 'write her off'". Express.co.uk. Retrieved 2 October 2022.
  42. "From Connaughts to Sea Diamonds - Ken Downing". F1 GPDC. 30 May 2017. Retrieved 2 November 2020.
  43. hr. "Ken Downing - Historic Racing". www.historicracing.com. Retrieved 21 February 2023.
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