News Details
CVC poised to sell Formula 1 stake
CVC poised to sell Formula 1 stake CVC is poised to finally sell its multi-billion dollar majority stake in formula one, according to the business news agency Bloomberg. The report this week said the London based private equity firm is 'looking to exit the investment, possibly in a matter of weeks'. Bloomberg said CVC has enlisted the help of Goldman Sachs to look for buyers, with the price tag as high as $10 billion. CVC looks set to bank a huge profit on the deal, with many insiders claiming the outfit's stewardship has not been positive for the sport. F1 supremo Bernie Ecclestone, however, said CVC has been 'pretty upfront' about its motives. 'They buy and sell companies looking to make...
Full Story »
Full Story »
9y ago from ThisIsF1.com
0
You May Also Be Interested In...
CVC on verge of selling Formula 1 stake
CVC is poised to finally sell its multi-billion dollar majority stake in...
9y ago from GrandPrix247.com
CVC could sell F1 'in a matter of weeks'
XPB Images
CVC Capital Partners could sell its majority...
9y ago from F1i.com
McLaren "could cause issues" in Force India...
Force India believes that McLaren could now play a decisive role in its...
9y ago from Motorsport.com
Could F1 be sold in September?
F1 News Could F1 be sold in September? Formula1blog.com Podcast #486...
9y ago from Formula1Blog.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia undergoes successful arm surgery,...
No description available...
8h ago from Motorsport.com
Francesco Bagnaia: Wrong to say ‘no one wants to win...
No description available...
14h ago from Motorsport.com
Aprilia moves up one level in MotoGP concessions;...
No description available...
17h ago from Motorsport.com
Fabio Di Giannantonio refuses to dwell on Sachsenring...
VR46 Ducati rider Fabio Di Giannantonio refuses to let his Sachsenring...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
FIFA World Cup Final drama and shifting start times...
No description available...
7h ago from Motorsport.com
Pato O’Ward labels Scott Dixon ‘perfect person to...
Pato O’Ward is looking forward to being able to learn new tips and...
10h ago from MotorsportWeek.c...
Kyffin Simpson aims to replicate 2025 Nashville...
No description available...
1d ago from Motorsport.com
President Donald Trump meets with IndyCar drivers in...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Estonia’s new condensed WRC format “a good...
No description available...
13h ago from Motorsport.com
Arvid Lindblad keen on rally future post-F1 after...
No description available...
2d ago from Motorsport.com
Toyota customer teams line up for new 2027 WRC car
No description available...
5d ago from Motorsport.com
Rome completes key milestone in pursuit of 2027 WRC...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Video: Declan Rice praises 'incredible' Arsenal...
Arsenal midfielder Declan Rice has praised the 'incredible' Morgan Rogers...
7h ago from CaughtOffside.com
Update: Contacts held as clubs queue up to sign...
Arsenal winger Gabriel Martinelli is reportedly attracting transfer...
10h ago from CaughtOffside.com
New talks held: Man City communicate plans to £85m...
Manchester City have reportedly intensified talks over signing Lille...
12h ago from CaughtOffside.com
Arsenal to 'accelerate' talks for £35m starlet after...
Arsenal are stepping up their chase for Christos Tzolis, with the attacker...
15h ago from CaughtOffside.com
Comments
Hottest News
The sweet promise F1 champion Max Verstappen kept for his...
Following Victoria Verstappen's recent wedding, a... Read More »
6h ago from GPFans.com
Alpine F1 team to pay tribute to racing star after fatal...
Alpine F1 team and driver Pierre Gasly have... Read More »
6h ago from GPFans.com
McLaren pinpoints new F1 team problem as Lewis Hamilton...
Catch up on all the biggest stories of the day... Read More »
6h ago from RacingNews365.com
