Ron Dennis CBE (Executive Chairman and CEO, McLaren Group) has made the following statement:

"Everyone at McLaren is shocked and saddened to hear of the sudden passing of Emilio Botin, the Chairman of the Euro zone's largest bank, Santander, a McLaren partner since 2007.

"Emilio was a consummate businessman, who made Santander what it is today: one of the world's leading financial institutions, employing 200,000 people around the globe.

"Passionate and charming, he was firm but always fair. I feel privileged to have known him, and proud to be able to call him a friend.

"He adored motor racing - there was no-one more enthusiastic in the McLaren garage than he was when a race win was in the offing.

"The world has lost a great man.

"To his large and loving family, I send my condolences."