Skip to content

by on March 18, 2012

What is Bernie Ecclestone up to with F1 structure? Via @adamcooperf1

Adam Cooper's F1 Blog

A website that has been known to be close to Bernie Ecclestone reported this week that we could expect a big announcement soon, and a close aide of the F1 boss confirmed to me with a smile in Australia that news was indeed on its way – and that it involved the structure of the sport and would shake a few people up.

A few team insiders speculated that it might involved Ferrari and Red Bull signing up to a new Concorde Agreement, and Sky News has reported something along similar lines tonight with the suggestion that those teams will have a stake in the ownership of the sport via the new 2013-2020 deal.

This would be linked to a public offering of a sale of part of CVC’s stake in F1, which Sky says will be placed by Goldman Sachs and which values the sport at “well over £10bn.”…

View original post 182 more words

Advertisements

From → Formula One

Leave a Comment

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: