McLaren CEO Ron Dennis faces an uncertain future due to an ongoing battle in the automotive group. The company chief is fighting a court case filed by other shareholders of the company calling for him to step down.

The case against Dennis was filed by Bahrain's sovereign wealth fund Mumtalakat and Mansour Ojjeh, a Saudi-born businessman. Ojjen and Mimtalakat own 75 percent of the company's shares between them. The major cause of the rift is believed to be a $2.08 billion bid proposed by an unidentified consortium of Chinese investors.

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Dennis is believed to have supported the bid while it has been opposed by other shareholders. According to Sky News, Dennis had filed a case to secure an injunction from High Court against being sidelined until his term is over. The CEO's term is scheduled to expire in mid-January.

Bernie Ecclestone, Formula One boss, said Dennis might have already lost the battle. "There was a court case yesterday where he wanted to overturn what had happened and he lost the case unfortunately which is a pity because we don't want to lose Ron," Ecclestone said. 

Ecclestone stated that losing the case means that Dennis is effectively already out. He also added that Dennis may file an appeal against the decision and may ultimately win the appeal. However, F1 team's racing director Eric Boullier stated, "As far as we are concerned Ron Dennis is still the chairman and the group's CEO today. That's it."

Dennis has been with the company for nearly 35 years.

TagsMcLaren, Ron Dennis, Bernie Ecclestone