Forbes reports new research which reveals revenue generated by Formula 1 has totalled $16.2 billion over the past 15 years outstripping its closest rival the FIFA World Cup of soccer according to new research. The report adds that the ultimate parent company of F1 is Delta Topco which is based on the offshore island of Jersey. Its biggest shareholder is the private equity firm CVC which has a 35% stake in it. The second-largest shareholder is American asset management firm Waddell & Reed, which has 20.9%, followed by the estate of bankrupt investment bank Lehman Brothers with 12.3%. Bambino Holdings, the Ecclestone family trust, owns 8.5% with 5.3% in Ecclestone’s hands and the remainder...
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