Paddy McNally

Patrick “Paddy” McNally (born 1931/1932[1]) is an Irish autosports businessman, and the former owner of Allsport Management. He has a net worth of £610 million, according to The Sunday Times Rich List.

Paddy McNally
Born1931/1932 (age 89–90)[1])
County Donegal, Ireland
OccupationBusinessman
Net worthEuro 506 million (January 2018)[1]
Children2

Early life

Born into a prominent Anglo-Irish family in County Donegal, Ireland, to Royal Air Force officer, Captain Patrick McNally, and English nurse, Mary Outred. He was raised a Catholic, and is the younger brother of Peter McNally, who found success with LWT, working closely with Rupert Murdoch. McNally started his career as a motorsports journalist.[2] In the 1960s, McNally was a contributor to Autosport magazine.

Career

In the early 1970s, McNally founded Allsport Management, which provided corporate entertainment and trackside advertising for Formula One events.[3]

Based in Geneva, Allsports owned the trackside advertising rights at Formula 1 circuits and operated The Paddock Club, the F1 hospitality provider.

In 2006, he sold Allsports Management to CVC for $334 million.[2] In 2011, McNally announced his retirement from the Formula One circuit.[4][5]

Personal life

McNally was married to Anne Downing, daughter of Ken Downing, a successful racing driver, with whom he had two children, before her death in 1980.[6] McNally has homes in Switzerland, Saint-Tropez, the Cote d'Azur and Verbier.[2][3] He previously dated Sarah, Duchess of York, but as a widower he declined to marry her.[7]

McNally also owns Warneford Place, Wiltshire, the former home of Ian Fleming. In 2004, the property was burgled.[8]

References
  1. "Business Profile: Paddy McNally". Irish Independent. 15 January 2018. Retrieved 19 October 2018.
  2. "Paddy McNally". Irish Independent. Retrieved 17 August 2020.
  3. "Paddy McNally". Irish Independent. Retrieved 17 August 2020.
  4. "Allsport boss Patrick McNally to retire". Reuters. 7 December 2010. Retrieved 17 August 2020.
  5. 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.
  6. "From Connaughts to Sea Diamonds - Ken Downing". F1 GPDC. 30 May 2017. Retrieved 2 November 2020.
  7. Cochrane, Kira (24 May 2010). "Why I feel sorry for Sarah Ferguson". The Guardian. Retrieved 2 March 2018.
  8. "Daring raid on tycoon's home". Wiltshire Gazette & Herald. 22 June 2004. Retrieved 17 August 2020.
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