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Teams in talks to buy into F1 says Ecclestone

Bernie Ecclestone on Wednesday revealed that a group of teams is considering buying into formula one. It was rumoured in Bahrain that the F1 chief executive, who owns just 5 per cent of the sport, was putting the group of teams together in a possible move to buy out the majority shareholder CVC. Ecclestone is facing trial in Germany later this month on bribery charges, and if convicted CVC has committed to standing him down. It is rumoured that fronting the prospective team shareholders could be a way for him to remain in control no matter the outcome in Munich. The 83-year-old told the Bloomberg news agency on Wednesday that a group of teams is indeed "having a conversation"...
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11mo ago from GrandPrix.com 0
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