News Details
Norwegians could look to offload F1 stake
Norway's sovereign wealth fund has confirmed that it will look to sell its stake in F1 should both its own problems and those affecting the sport in general not be addressed.Questions were raised in the national parliament last week asking whether the fund had violated its remit by joining US-based investors BlackRock and Waddell & Reed in acquiring a $1.6bn stake in F1 last May. Although the purchase appeared to be in good faith at the time, F1's decision to cancel its proposed stock market flotation put the fund's holding in jeopardy as it is only permitted to acquire a stake in an unlisted company if it plans an initial public offering. While Norges Bank Investment Management admits...
Full Story »
Full Story »
You May Also Be Interested In...
CEO of Norway wealth fund admits mistakes made when...
CEO of Norway wealth fund admits mistakes made when buying F1 stake 11...
12y ago from GrandPrix247.com
Norwegian F1 investment under scrutiny
The acquisition of a stake in F1 by Norwegian sovereign fund Norges Bank...
12y ago from Crash.net
Ecclestone believes his demise will hurt Formula 1
Ecclestone believes his demise will hurt Formula 1 10 March, 2014 Bernie...
12y ago from GrandPrix247.com
Prosecutors escalate F1 corruption investigation
German prosecutors have accelerated their investigation into alleged...
12y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
How Jorge Martin returns to action just six days after...
Despite suffering a right radius fracture in Australia, Jorge Martin is...
25m ago from MotorsportWeek.c...
MotoGP riders resigned to racing in Qatar despite...
No description available...
8h ago from Motorsport.com
Marc Marquez wary of MotoGP title rival Jorge Martin...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar veteran Sting Ray Robb secures United...
No description available...
23h ago from Motorsport.com
Josh Pierson moves up to IndyCar with AJ Foyt Racing
Josh Pierson will be a part of the 2027 IndyCar Series and will drive for...
2d ago from MotorsportWeek.c...
AJ Foyt Racing signs Josh Pierson to multi-year deal...
No description available...
2d ago from Motorsport.com
HMD Motorsports confirms Leonardo Escorpioni to 2027...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Rally US reveals further details ahead of WRC 2027...
No description available...
2d ago from Motorsport.com
Dakar Rally moves 2027 event out of Saudi Arabia; new...
No description available...
4d ago from Motorsport.com
Sesks tight-lipped on WRC future after ERC season...
No description available...
3d ago from Motorsport.com
Josh McErlean to test 2027-spec M-Sport WRC car at ERC...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Max Dowman to miss three games after Arsenal’s red...
t;li>Teenager was sent off for lashing out in Fleetwood defeatClub’s...
1h ago from TheGuardian.com
Arsenal and Man United make enquiry over the situation...
Arsenal and Manchester United have stepped up their interest in...
6h ago from CaughtOffside.com
'He's furious!' - Top 5 youngest players to see red in...
Take a look at the top five youngest players to pick up a red card in the...
4h ago from SkySports.com
Comments
Hottest News
Kimi Antonelli amongst drivers struck by illness ahead of...
Kimi Antonelli and Valtteri Bottas will both... Read More »
1h ago from MotorsportWeek.com
Antonelli to miss Mexico media day with viral illness
Kimi Antonelli will miss Thursday's media day at... Read More »
1h ago from SkySports.com
Former F1 driver Ralf Schumacher suffers huge plane scare...
Ralf Schumacher suffered a huge plane scare on... Read More »
1h ago from GPFans.com
