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
Pramac's Morbidelli still "missing freedom"...
No description available...
18h ago from Motorsport.com
F1 owner Liberty Media set to finalise purchase of...
Formula 1 owner Liberty Media are in talks to buy Madrid-based company...
23h ago from MotorsportWeek.c...
Oliveira frustrated by "baby steps" as 2024...
No description available...
23h ago from Motorsport.com
F1 owner Liberty Media set to finalise purchase of...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
The good, bad, and ugly of IndyCar's half-baked...
No description available...
16h ago from Motorsport.com
Rasmussen, Siegel and Simpson complete oval rookie...
No description available...
1d ago from Motorsport.com
Rising concerns in IndyCar over PFC’s braking system
No description available...
2d ago from Motorsport.com
Rosenqvist: Confidence within MSR growing with every...
Felix Rosenqvist has started off his time with Meyer Shank Racing on a...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Safari Rally: Rovanpera stuns rivals to lead as...
No description available...
1h ago from Motorsport.com
How WRC Rally1 teams embraced the return of the...
No description available...
16h ago from Motorsport.com
WRC Safari Rally: Neuville edges Tanak to grab early...
No description available...
21h ago from Motorsport.com
Kenya president pushing for longer WRC Safari Rally
No description available...
14h ago from Motorsport.com
Popular On GunnersToday.com
Liverpool star names Mesut Ozil higher than Arsenal...
No description available...
58m ago from SportsKeeda.com
Exclusive: 100m-rated striker is top of Arsenal's...
It's no secret that Premier League table-toppers Arsenal are already...
1h ago from CaughtOffside.com
Arsenal and Liverpool need to pay 60 million if they...
Real Sociedad midfielder Martin Zubimendi has been linked with a move away...
1h ago from CaughtOffside.com
Premier League build-up LIVE! Howe, Arteta, Klopp and...
No description available...
1h ago from SkySports.com
Comments
Hottest News
Verstappen and Red Bull see key member suddenly leave with...
Red Bull Racing and Max Verstappen are saying... Read More »
2h ago from GPBlog.com
F1 winner Sainz shares RAW images from surgery and recovery
Carlos Sainz amazed fans with his astonishing... Read More »
1h ago from GPFans.com
F1 News Today: Vettel CONFIRMS stunning comeback as Red...
Ever since Lewis Hamilton made the shock... Read More »
5h ago from GPFans.com