News Details

Group of teams looking to buy F1 from CVC

It has been reported that a group of Formula 1 teams are looking to buy the sport from its current majority owner, CVC Capital Partners. The investment company is keen to offload its remaining 35.5 per cent stake and is legally bound to do so by 2018. Bernie Ecclestone says a group of unnamed F1 teams are putting a plan together to take CVC's stake and therefore control of the sport. "We'll see what the group comes up with," the 83-year-old told Bloomberg. "Maybe they will get enough together to buy shares." It isn't clear which teams are involved, but it's believed both Ferrari and Red Bull could be, after both showed an interest in the idea previously. Ecclestone...
Full Story »
1y ago from TheF1Times.com 0
Share

You May Also Be Interested In...

Ecclestone reveals a group of teams seeking to buy...

Bernie Ecclestone Formula 1 supremo Bernie Ecclestone on Wednesday...
1y ago from GrandPrix247.com

Teams in talks to buy into F1 says Ecclestone

Bernie Ecclestone on Wednesday revealed that a group of teams is...
1y ago from GrandPrix.com

Ecclestone confirms two teams to join F1 grid in 2015

Bernie Ecclestone in Bahrain Formula 1 supremo Bernie Ecclestone has...
1y ago from GrandPrix247.com

Two new teams for 2015 - Ecclestone

id="story_continues_1" itemprop="description"> Two...
1y ago from BBC.co.uk

Elsewhere On The Network

Popular On MotoGPToday.com

Crutchlow: “We could have done a great race”

Crushing disappointment as Cal Crutchlow is taken out of the Octo British...
2h ago from MotoGP.com

Chances not too high of Miller staying in LCR for 2016

LRC Honda team boss Lucio Cecchinello has said the chances of Jack Miller...
59m ago from Crash.net

EXCLUSIVE: Lucio Cecchinello (LCR Honda) QA

In the end every time HRC has a rider that can stay in the top group every...
1h ago from Crash.net

Ask Hafizh

Got a question for Hafizh Syahrin? He will be answering your tweets in an...
3h ago from MotoGP.com

Popular On IndyCarToday.com

Wilson funeral details announced

The funeral of the late Justin Wilson will be held next week. The British...
1h ago from SpeedCafe.com

IndyCar: Honda, Firestone make significant donations...

Two of the biggest supports of IndyCar racing have combined to raise a...
11h ago from Racer.com

Wilson funeral arrangements set for Sept. 10 in England

Funeral arrangements for Justin Wilson have been set for at 11:45 a.m....
11h ago from Racer.com

RACER Video: Robin Miller with Derrick Walker on his...

Former IndyCar President of Competition Derrick Walker speaks with The...
16h ago from Racer.com

Popular On TotalWRC.com

McRae's title marked at Wales Rally GB

Two decades previously, on Wednesday 22 November, the Scot secured the...
39m ago from WRC.com

Australia countdown: rally route

The new stages of Utungun, Bakers Creek (pictured below) and Northbank,...
1h ago from WRC.com

M-Sport await Australian adventure

FIA World Rally Championship (WRC) returns to Rally Australia next week....
16h ago from Motorsport.com

World RX prepares for iconic Loheac event in France

Staged in the small Breton village of Loheac in north-west France, a total...
1d ago from Motorsport.com

Popular On GunnersToday.com

Transfer shock! Arsenal fans want striker Emmanuel...

Arsenal look light up front at the moment following Danny Welbeck’s...
3h ago from TalkSport.com

Transfer rumours: Arsenal target happy to stay at...

The agent of Arsenal target Daniele Rugani says Juventus have no plans to...
2h ago from TalkSport.com

Arsenal defender Mathieu Debuchy admits he...

Arsenal defender Mathieu Debuchy admits he contemplated quitting club...
2h ago from DailyMail.co.uk

Any Man United or Chelsea stars in the Top Five EPL...

After a long summer, the transfer window has finally come to a close and...

Comments

comments powered by Disqus

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.