News Details
CVC 'not pursuing' sale of F1 says Ecclestone
Formula One boss Bernie Ecclestone says that the sport's owner, the private equity firm CVC, is not actively looking at selling its controlling stake according to an article in the Daily Telegraph by Christian Sylt.CVC is the single-biggest shareholder in F1 and holds a 35% stake. It invested in the sport in 2005 and, as Pitpass revealed in July, it has to sell up by 2018 at the latest. However, recent reports suggested that it has fast-tracked its plans.CVC hoped to float F1 on the Singapore stock exchange in 2012 but the Eurozone crisis put the brakes on its plan. It stayed in the pits as the prospect of a bribery trial in Munich hung over Ecclestone. However, the clouds cleared in...
Full Story »
Full Story »
11y ago from Pitpass.com
0
You May Also Be Interested In...
Fox Sports and Star Sports extend F1 agreement in...
Fox SportsFox Sports and Star Sports will continue their exclusive...
11y ago from Formula1.com
Fox Sports and Star Sports extend...
Fox SportsFox Sports and Star Sports will continue their exclusive...
11y ago from Formula1.com
Fox Sports and Star Sports extend...
Fox Sports and Star Sports will continue their exclusive broadcast of the...
11y ago from Formula1.com
Ecclestone denied return to F1 board
Fresh doubt is being cast over Bernie Ecclestone's F1 reign.
News is...
11y ago from GrandPrix.com
Elsewhere On The Network
Popular On MGPToday.com
Only four riders on the current grid have yet to win a...
No description available...
1d ago from Motorsport.com
Explained: the error that led to Fabio Quartararo’s...
No description available...
2d ago from Motorsport.com
MotoGP's tightest title race in years: What...
The numbers back that up. According to Crash.net's post-race breakdown,...
2d ago from MotorsportWeek.c...
How to fix small paint chips like a motorsport mechanic
The good news is that most everyday chips can be stabilised and blended...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Pole-sitter Louis Foster crashes out of Markham...
No description available...
35m ago from Motorsport.com
Mick Schumacher crashes out of Markham IndyCar race...
No description available...
1h ago from Motorsport.com
IndyCar Markham starting lineup: Louis Foster storms...
No description available...
18h ago from Motorsport.com
Alex Palou crashes in Markham qualifying after rare...
No description available...
17h ago from Motorsport.com
Popular On TotalWRC.com
What to expect from WRC Rally Scotland after FIA test...
No description available...
6d ago from Motorsport.com
Thierry Neuville claims WRC Rally Finland was...
No description available...
1w ago from Motorsport.com
FIA sets deadline for WRC Saudi Arabia decision
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'Going to be an output machine', 'He is an upgrade' -...
Arsenal fans on X have waxed lyrical about summer signing Christos Tzolis...
1h ago from SportsKeeda.com
Arsenal handed major boost as 70m target refuses to...
Victor Osimhen has been linked with a move away from Galatasaray this...
1h ago from CaughtOffside.com
Arsenal emerge as favourites to sign £51m-rated Man...
Brighton midfielder Jack Hinshelwood has been linked with a move away from...
1h ago from CaughtOffside.com
'Making a joke of himself' - Manchester City fans...
Fans lambasted goalkeeper Gianluigi Donnarumma for his sub-par performance...
1h ago from SportsKeeda.com
Comments
Hottest News
F1 star Fernando Alonso cruises around Monaco in ultra-rare...
F1's summer break is in its final weekend, and... Read More »
55m ago from GPFans.com
Ferrari's controversial electric car just sold for a WORLD...
Ferrari turned heads when they unveiled a new,... Read More »
1h ago from GPFans.com
Lewis Hamilton quashes F1 form theory from ground-effect era
Lewis Hamilton has swatted away suggestions he... Read More »
35m ago from MotorsportWeek.com
