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 »
2y 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...
2y ago from GrandPrix247.com

Teams in talks to buy into F1 says Ecclestone

Bernie Ecclestone on Wednesday revealed that a group of teams is...
2y ago from GrandPrix.com

Ecclestone confirms two teams to join F1 grid in 2015

Bernie Ecclestone in Bahrain Formula 1 supremo Bernie Ecclestone has...
2y ago from GrandPrix247.com

Two new teams for 2015 - Ecclestone

id="story_continues_1" itemprop="description"> Two...
2y ago from BBC.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Mugello Expert Opinion: Casey Stoner

Without doubt Andrea Iannone and the Desmosedici GP had the pace to run...

Analysis: How Mugello proved to Vinales Yamaha was the...

Yamaha-bound rider Maverick Vinales is certain he's made the right choice...
2d ago from Motorsport.com

Analysis: Why struggling Honda had to redesign its...

While Honda admits the deficiencies of its new MotoGP engine, the Japanese...
4d ago from Motorsport.com

Yamaha suspects overrevving to blame for engine...

Yamaha overrevved its engines at Mugello, or at least that's the theory...
5d ago from Motorsport.com

Popular On IndyCarToday.com

Rookie Alexander Rossi wins 100th running of Indy 500

Alexander Rossi has won the 100th running of the Indianapolis 500 for...
9h ago from Motorsport.com

Munoz emotional after tough loss: "I don't want...

Carlos Munoz was in tears after the Indianapolis 500, robbed of the win...
7h ago from Motorsport.com

Rossi delivers shocking upset in Indy 500

– With five laps to go, all eyes were on the fuel data for the...
7h ago from GPUpdate.net

Follow the Indianapolis 500 live!

No description available...
12h ago from GPUpdate.net

Popular On TotalWRC.com

Semi-finals for Volkswagen RX Sweden at Lydden Hill

Johan Kristoffersson and Anton Marklund once again proved the pace of the...
7h ago from Motorsport.com

Lydden WRX: Ekstrom snatches win from Solberg in finals

Championship leader Mattias Ekstrom made it three victories from the first...
12h ago from Motorsport.com

Lydden WRX: Solberg leads Day 1 as Loeb hits trouble

Reigning World Rallycross Champion Petter Solberg leads the way after the...
1d ago from Motorsport.com

Lydden World RX: Solberg maintains lead before finals

Continuing on from his opening day form at the British round of the World...
15h ago from Motorsport.com

Popular On GunnersToday.com

Five better options for Arsenal than this £38m-rated...

Five better options for Arsenal than this £38m-rated star BEGIN GALLERY...

Granit Xhaka picks all-time Euro XI... which Arsenal...

TARSPORT take you through Arsenal new boy Granit Xhaka's all-time Euro XI.
28m ago from DailyStar.co.uk

Arsenal will meet £19m release clause to sign top...

Arsenal have already signed one Swiss star this summer in Granit Xhaka,...
9h ago from AllArsenal.com

Arda Turan picks Manchester United and Arsenal legends...

TARSPORT take you through Barcelona star Arda Turan's dream Euro XI.
28m ago from DailyStar.co.uk

Comments

Hottest News

EXPLAINED: The pit-lane error that cost Red Bull victory

Monaco GP: Red Bull Racing presented the victory... Read More »
13h ago from F1Hub.net

Hamilton thanks 'gentleman' Rosberg

Lewis Hamilton thanked title rival Nico Rosberg... Read More »
8h ago from BBC.co.uk

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.