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Ecclestone reveals a group of teams seeking to buy stake in F1

Bernie Ecclestone Formula 1 supremo Bernie Ecclestone on Wednesday revealed that a group of Formula 1 teams are seriously considering buying into the sport. It was reported in Bahrain that Ecclestone, who owns  five percent of Formula 1, was putting the group of teams together in a possible move to buy out the majority shareholder CVC. Ecclestone is facing trial in Germany later this month on bribery charges, and if convicted CVC has committed to standing him down. It is reported that fronting the prospective team shareholders could be a way for him to remain in control no matter the outcome in Munich. The 83-year-old told the Bloomberg news agency on Wednesday that a group of teams is...
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3y ago from GrandPrix247.com 0
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