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Revealed: CVC's 8.4% take from Formula One

Gracing the latest issue of Motor Sport magazine is a cover story which outlines a plan of how Formula One could change after the departure of its current boss Bernie Ecclestone. It is a fascinating piece and although it contains a significant error it happens to be highly thought-provoking in itself.It is found in one of the key contentions in the article which is that 'F1 generates about $1.5 billion a year, but roughly 40 per cent of that leaves the sport and is taken by the owners.' To understand the flaw in this we first need to analyse the structure of the sport's ownership.F1 has nearly 20 separate owners including the sport's governing body the FIA which has a 1% stake as Pitpass...
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