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Ecclestone: F1 could be sold this year
With three potential buyers, Bernie Ecclestone claims the sport could be sold this year. In an interview with Associated Press, when asked about the prospect of F1 being sold, the sport's supremo admitted: 'I think so, maybe this year. 'There are three people mentioned to buy. So it's a case of whether CVC or Mr. Mackenzie wants to sell,' he added. CVC owns a 35% stake in the sport, down on its original 63.4% stake, having sold off slices to investment companies, Waddell & Reed, now the second biggest shareholder, BlackRock and Norges Bank. CVC bought its stake in 2006 with two loans and in that time has reaped around $4.4bn from the sport. According to a report in the Guardian in July,...
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