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Big business players line-up to buy CVC F1 shares

Formula 1 up for sale again? Formula 1 teams may not just be competing for trophies and sponsors, according to a report by Auto Motor und Sport as speculation mounts that the sport's largest shareholder, CVC, might be looking to sell its commercial rights holding are ever-present in the paddock. The latest reports are that four separate groups are currently interested, after 'a fifth in the Middle East has dropped out', correspondent Michael Schmidt reports. 'One of the interested parties,' he wrote, 'is a consortium led by Red Bull. This is in competition with Canadian businessman Lawrence Stroll, of Tommy Hilfiger, who apparently has Ferrari on board.' Last month, Ecclestone played down...
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4mo ago from GrandPrix247.com 0
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