News Details
CVC to sell F1 by July 2015
Formula One is on track to get a new owner next year and Bernie Ecclestone isn't planning to buy it according to reports in the Telegraph and American business magazine Forbes by Christian Sylt.For the past few years speculation has run wild about the sale of F1 with rumoured buyers ranging from Rupert Murdoch's News Corporation media empire to Abu Dhabi sovereign wealth fund Mubadala. The origin of the talk is that the sport's single largest shareholder CVC is a private equity firm meaning that it used other people's money to buy its stake so will have to sell up at some stage to give them a return. The big question is when this will happen and at last we have an answer.CVC's buyout of F1...
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9y ago from Pitpass.com
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