News Details
CVC under no pressure to sell
In the wake of reports that an American-Qatar consortium, led by RSE Ventures, the company founded by billionaire Stephen Ross, and even claims that Sky could make a bid, CVC's co-chairman Donald Mackenzie insists there is no pressure, indeed no need to sell its stake in F1. 'We have twelve year funds, which we have to return the original money,' he told Reuters. 'We have already done that. So the pressure's off. 'We like owning it,' he continued, 'we don't want to sell it. There are always some people who'd like to buy it, it's a very good business.' Asked whether there is a deadline by which time CVC has to sell its stake, Mackenzie said: 'No, we don't. There is no end date.' In a...
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