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Mackenzie: CVC like owning F1 and we don't want to sell it

Formula 1's commercial rights holders CVC Capital Partners are under no pressure to sell their controlling stake in the sport and want to keep it, co-chairman Donald Mackenzie told Reuters during the British Grand Prix weekend. He would not comment on reports that RSE Ventures, the investment vehicle of Miami Dolphins owner Stephen Ross, was teaming up with Qatar to buy CVC's stake in a potential $7 billion-$8 billion deal.. Asked at the British Grand Prix whether the private equity fund had a deadline by which they had to sell their 35.5 percent stake, the media-shy businessman replied: 'No, we don't. There is no end date. 'We have 12 year funds, which we have to return the original...
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8y ago from GrandPrix247.com 0
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