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F1's stock market floatation plans put on hold
It's been in the making for a number of years now, but it looks as though Formula 1's plans to float on the stock market won't happen any time soon. The sport has been embroiled in legal disputes following allegations of bribery and mis-selling by CEO Bernie Ecclestone who is currently in court to hear such claims. That has forced majority owner CVC Capital Partners to put the plans on hold. "One day we'd like to float the company," said CVC co-chairman Donald Mackenzie. "We've got no plans to do that in the imminent future [now]." That's far from CVC's original plans to float in September 2012 which have continuously been delayed. Instead CVC has been selling off shares...
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10y ago from TheF1Times.com
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