LONDON- McLaren co-owner Mansour Ojjeh has died at the age of 68, the Formula One team said on Sunday.

Saudi-born businessman Ojjeh had been a shareholder in the Woking-based former champions since 1984, working with then-principal Ron Dennis. McLaren said he had died in Geneva.

Bahrain’s Mumtalakat holding company is the majority shareholder in McLaren Group, with a 56% stake while Ojjeh's holding was 14%.

"Mansour has been etched into the heart and soul of this team for nearly 40 years and was intrinsic to its success. He was a true racer in every sense," said McLaren Racing chief executive Zak Brown.

(Reporting by Alan Baldwin, editing by Clare Fallon) ((alan.baldwin@thomsonreuters.com; +442075427933))