News Details

Ecclestone plays down F1 buy-back reports

Bernie Ecclestone Bernie Ecclestone has played down suggestions he is seriously considering to buy back Formula 1. Business journalist Christian Sylt claims the sport's biggest shareholder, CVC, is already committed to selling its stake by next July. 'The last thing Donald (Mackenzie) wants to do is to get out,' Ecclestone told the Sunday Telegraph, 'but I think the way their company is structured eventually they have to move on.' Sylt reports that CVC's memorandum dictates a ten-year term, with three one-year extensions but only if the majority of its investors agree. Indeed, reports of CVC's talks with potential buyers abound in the paddock. One of them could be Ecclestone, even though...
Full Story »
2y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Haas paid $20 million deposit for F1 team entry

Gene Haas Gene Haas proved his intent and seriousness about entering...
2y ago from GrandPrix247.com

Ecclestone: I was a sarcastic when I asked would 50...

Bernie Ecclestone in court Formula 1  boss Bernie Ecclestone told a...
2y ago from GrandPrix247.com

Haas paid ‘$20m deposit’ for F1 team entry

Haas paid ‘$20m deposit' for F1 team entryPosted On 17 Jul 2014By :...
2y ago from ThisIsF1.com

Ecclestone says Gribkowsky payment an 'insurance...

Bernie Ecclestone on Tuesday told his corruption trial in Munich that he...
2y ago from GrandPrix.com

Elsewhere On The Network

Popular On MGPToday.com

Combined times: Phillip Island MotoGP test

– MotoGP gathered at Phillip Island, picturesque home of the...
1d ago from GPUpdate.net

Vinales hits out at Marquez for following him on long...

Maverick Vinales has hit out at MotoGP rival Marc Marquez for following...
2d ago from Motorsport.com

Lorenzo: Ducati felt winglet loss more at Phillip...

Ducati recruit Jorge Lorenzo says the absence of MotoGP’s now-banned...
1d ago from Motorsport.com

Honda has made MotoGP engine breakthrough - Marquez

Marc Marquez believes Honda made a breakthrough with its MotoGP engine...
2d ago from Motorsport.com

Popular On IndyCarToday.com

Bourdais - Reopening tech will widen divide

Sebastien Bourdais warns that IndyCar's move to open additional areas of...
1d ago from Racer.com

Team Murray owner pays tribute to KV Racing

Tributes have flowed for former Verizon IndyCar Series team, KV Racing...
1d ago from SpeedCafe.com

KV Racing officially ends IndyCar program

KV Racing has issued statements for the first time confirming the squad...
2d ago from SpeedCafe.com

Smaller IndyCar teams under pressure, Coyne warns

Dale Coyne warns that affordability needs to factor into every decision...
2d ago from Racer.com

Popular On TotalWRC.com

WRC Gallery - Rally Sweden

WRC Gallery - Rally Sweden The Swedish winter delivered a spectacular...
5h ago from WRC.com

Rally Sweden Analysis- Toyota surprise while Neuville...

Rally Sweden was a fairytale event for Jari-Matti Latvala and the brand...

Citroën: 'We have work to do'

Citroën: 'We have work to do' Citroën Racing boss Yves Matton has...
2d ago from WRC.com

FIA to clampdown on excessive WRC stage speeds

WRC stages deemed to be too fast will not be tolerated this season, FIA...
3d ago from Motorsport.com

Popular On GunnersToday.com

Snapped: Danny Welbeck looks fuming as Arsene Wenger...

ANNY WELBECK was a surprise inclusion for Arsenal under-23s today, and he...
2h ago from DailyStar.co.uk

Tottenham outdo Arsenal with damning and unwanted...

Arsenal and Arsene Wenger may well be receiving plenty of grief again...
2h ago from CaughtOffside.com

Thierry Henry fires warning to Arsenal: Don't make the...

GETTY Arsenal hero Thierry Henry warned his old side The north London...
2h ago from DailyStar.co.uk

Comments

Hottest News

Recent News

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.