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F1 Buyout Not Happening

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The Hong Kong-based conglomerate linked with a buy-out of Formula One have distanced themselves from the world's richest sport.

Representatives of tycoon Li Ka-shing's TOM media group recently met with Formula One rights holder Bernie Ecclestone to discuss buying commercial control of the sport.

That currently rests with three banks and Ecclestone, who on Sunday confirmed the TOM Group's interest in acquiring 75% of Formula One at an expected cost of around

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Well, to be honest, I hadn't heard anything to suggest that a buyout would takeplace anyway, for the time being, it's probably best that Bernie stays.

JS.

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