News Details
F1's tax bill shows that Ecclestone hasn't lost his magic
Anyone who thinks that Formula One's 82 year-old boss Bernie Ecclestone - seen here heading to the negotiating table - is losing his edge in old age should think again. It's no secret that F1 generates fantastic profits for its controlling shareholder, the private equity firm CVC, but what is less well-known is how little tax the business pays. All companies have a duty to their shareholders to minimise their tax bills and F1 is certainly no different. It has one of the world's shrewdest dealmakers in the driving seat and an article on the cover of today's Independent newspaper, written by Pitpass' business editor Christian Sylt, reveals that Ecclestone has negotiated one of the most...
Full Story »
Full Story »
10y ago from Pitpass.com
0
You May Also Be Interested In...
Ellinas makes history for Marussia
Tio Ellinas made history on the first day of the Young Driver Test at...
10y ago from RichlandF1.com
Ecclestone successor to come from outside F1
For years the question of who will replace Formula One boss Bernie...
10y ago from Pitpass.com
Bernie Ecclestone: The good, the bad and the ugly
Bernie Ecclestone's eye for a deal has made him a fortune and turned...
10y ago from GrandPrix247.com
Ecclestone: Nothing has changed
Bernie Ecclestone says CVC, the owners of formula one's commercial...
10y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Quartararo: Marquez's Honda exit ‘woke a lot of...
Fabio Quartararo believes Marc Marquez's exit from Honda last term 'woke a...
17m ago from MotorsportWeek.c...
Could Acosta get a Verstappen-like mid-season...
No description available...
4h ago from Motorsport.com
Marquez: Rossi-like Acosta can't be ruled out of...
No description available...
1d ago from Motorsport.com
Quartararo stresses ‘quality over quantity’ with...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren confirms Pourchaire for Barber...
No description available...
4h ago from Motorsport.com
Pourchaire earns second IndyCar outing with Arrow...
Arrow McLaren announced Tuesday morning that Theo Pourchaire will driver...
4h ago from MotorsportWeek.c...
Pourchaire eager for more IndyCar after “amazing”...
No description available...
23h ago from Motorsport.com
Palou plans to study how Dixon made race-winning fuel...
In IndyCar’s Grand Prix of Long Beach held last Sunday, Scott Dixon took...
21h ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
1d ago from Motorsport.com
ERC star Sesks secures WRC Rally1 graduation with...
No description available...
1d ago from Motorsport.com
Mārtiņš Sesks to drive M-Sport Ford Puma Rally1 in...
Latvia’s Mārtiņš Sesks will benefit from the support of WRC Promoter...
1d ago from MotorsportWeek.c...
Ogier's last-gasp Croatia Rally victory on surprising...
There had been no major incident on WRC Croatia for 17 stages. That...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal v Chelsea: Premier League – live
t;li>Premier League updates from the 8pm BST kick-off<a...
37m ago from TheGuardian.com
Arsenal and Manchester United interested in signing...
No description available...
2h ago from SportsKeeda.com
Barcelona join Arsenal in race to sign Premier League...
No description available...
1h ago from SportsKeeda.com
'Will provide a huge test for us' - Arsenal skipper...
No description available...
37m ago from SportsKeeda.com
Comments
Hottest News
Hamilton car camera captures Verstappen's TRUE feelings...
A touching moment at the Chinese Grand Prix... Read More »
1h ago from GPFans.com
Ferrari set for big-money F1 title sponsor deal
Apr.23 Ahead of Lewis Hamilton's arrival at... Read More »
8h ago from OneStopStrategy.com
F1 star hits back at Sky pundit with 'boring old man' jibe
Williams driver Alex Albon has had his say after... Read More »
2h ago from GPFans.com