News Details

Ecclestone may sell F1 stake

Ecclestone faces a court case in Germany next month Sutton Images Enlarge Bernie Ecclestone has revealed he plans to sell his 5.3% stake in Formula One when private equity firm CVC, the controlling shareholder, exits the business. CVC currently holds a 35% stake but their plan to exit in an Initial Public Offering (IPO) on the Singapore stock exchange in 2012 was put on hold by the eurozone crisis, while Ecclestone's bribery charges have also delayed matters. "If I sell I would sell with CVC. If somebody wants to buy CVC's shares but doesn't need mine then I will keep them," Ecclestone said. Next month Ecclestone goes on trial for allegedly paying part of a $44 million bribe to...
Full Story »
10y ago from espnF1.com 0
Share

You May Also Be Interested In...

CEO of Norway wealth fund admits mistakes made when...

CEO of Norway wealth fund admits mistakes made when buying F1 stake 11...
10y ago from GrandPrix247.com

India GP problems money related says Ecclestone

The promoter of India's beleaguered formula one race breached its...
10y ago from GrandPrix.com

Lauda fears Formula 1 facing giant hole without...

Niki Lauda with Bernie Ecclestone Niki Lauda has revealed that he is...
10y ago from GrandPrix247.com

Indian GP problems money related says Ecclestone

Indian GP problems money related says Ecclestone 12 March, 2014 Bernie...
10y ago from GrandPrix247.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...
15h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Pourchaire earns second IndyCar outing with Arrow...

Arrow McLaren announced Tuesday morning that Theo Pourchaire will driver...
19h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Mārtiņš Sesks to drive M-Sport Ford Puma Rally1 in...

Latvia’s Mārtiņš Sesks will benefit from the support of WRC Promoter...

Ogier's last-gasp Croatia Rally victory on surprising...

There had been no major incident on WRC Croatia for 17 stages. That...

Popular On GunnersToday.com

Arsenal in talks with exciting striker; ready to offer...

It's not a secret that Arsenal need to bolster their front line with a...
47m ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.