News Details
Revealed: CVC's free Formula One hospitality
Formula One has handed thousands of free hospitality passes, worth an equivalent of £3.2m ($5.4m), to the private equity fund which controls the sport according to an article in the Sunday Telegraph by Christian Sylt.It is known as Fund IV and it is managed by CVC Capital which bought F1 in a leveraged buyout in 2005. It used £573m ($965.6m) from Fund IV and £650m ($1.1bn) of debt from the Royal Bank of Scotland. In March the following year F1 paid an estimated £238m ($400m) for Swiss company Allsport which operates the corporate hospitality at all but three of the 19 races.F1's hospitality area is a tented structure which is known as The Paddock Club and is adorned...
Full Story »
Full Story »
11y ago from Pitpass.com
0
You May Also Be Interested In...
Teams insist cost cap is not dead
Sahara Force India
Several Formula 1 team principals have insisted that...
11y ago from F1Zone.net
Vergne hit with £25k fine and ten-place penalty
Toro Rosso and Jean-Eric Vergne have been handed a double punishment for...
11y ago from TheF1Times.com
Vergne handed 10 place grid penalty
Jean-Eric Vergne has been handed a ten-place grid penalty for the Spanish...
11y ago from Crash.net
Ecclestone tipped to survive corruption scandal
Bernie Ecclestone in court Formula 1 insiders have tipped the sport's boss...
11y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta says teaming up with Marc Marquez would...
No description available...
13h ago from Motorsport.com
Aprilia’s MotoGP advantage not due to special rear...
No description available...
1d ago from Motorsport.com
Why WorldSBK leader Nicolo Bulega could miss out on a...
Rumours surrounding Nicolo Bulega and a possible move to MotoGP in 2027...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Feature: RLL’s split fortunes in Barber highlight...
At the most recent IndyCar race from Barber Motorsports Park, Graham...
5h ago from MotorsportWeek.c...
IndyCar: A closer look at Mick Schumacher's true pace
No description available...
1d ago from Motorsport.com
Will Power's father okay after wrestling with armed...
No description available...
1d ago from Motorsport.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Motorsport Week is hiring – Rally and Sportscar...
Motorsport Media Services are looking to expand its coverage, and in...
42m ago from MotorsportWeek.c...
How Takamoto Katsuta’s maiden WRC win is impacting...
No description available...
13h ago from Motorsport.com
Hyundai continues to honour Craig Breen's memory
Hyundai Shell Mobis World Rally Team will run a special livery at this...
1d ago from MotorsportWeek.c...
Hyundai unveils Craig Breen tribute livery for WRC...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Chelsea lead race for £70m wide man but Arsenal could...
Chelsea and Arsenal are interested in signing the Newcastle United...
2h ago from CaughtOffside.com
White-out: 4 replacements Arsenal are targeting to...
Arsenal’s search for right-back depth has taken on extra intrigue after...
6h ago from FreshArsenal.com
Calafiori channels pain of Italy World Cup misery to...
t;li>Win over Sporting comes after back-to-back cup defeats‘It’s...
7h ago from TheGuardian.com
Arsenal leading Bundesliga giants in the race for...
Sao Paulo attacker Lucca Marques is a target for Premier League club...
8h ago from CaughtOffside.com
Comments
Hottest News
Vote for the new Sky Sports F1 pundit
Sky Sports F1 have announced an exciting... Read More »
2h ago from GPFans.com
Martin Brundle to miss more F1 races as Sky pundit...
Sky Sports F1 legend Martin Brundle has announced... Read More »
3h ago from GPFans.com
Iconic circuit returning in F1 test as Michael Schumacher...
Catch up on the biggest news stories of the day... Read More »
3h ago from RacingNews365.com
