News Details
Ecclestone calls on CVC for clarity
Bernie Ecclestone says that until CVC Capital Partners decides what it wants to do, in terms of its stake in F1, the sport is effectively in limbo. The private equity firm bought F1 in 2006 with a $1.1bn loan financed by the Royal Bank of Scotland and a further loan of $965m from its investment Fund IV. Since then, CV, which has sold off some of its holding but still retains a 35% share, has raked in around $4.4bn in dividends, whilst its remaining stake is said to be worth around $3bn. Whilst 20.7% has been sold to American asset management company Waddell and Reed, and Ecclestone himself holds 5.2%, there have been several false starts in terms of CVC's future in terms of F1. Having held...
Full Story »
Full Story »
9y ago from Pitpass.com
0
You May Also Be Interested In...
Bernie calls on Ferrari – but is it the year of...
Bernie Ecclestone is hoping Ferrari can reinvigorate Formula One after...
9y ago from F1.co.uk
F1 contemplates Ecclestone succession; what's wrong...
F1 News COTA to announce USGP will happen in 2016 Alonso: Honda can beat...
9y ago from Formula1Blog.com
F1 resumes with usual din of disputes
When the Formula One season begins next week, spare a thought for the...
9y ago from F1Pulse.com
Ecclestone hopes for Ferrari-Mercedes scrap
Mercedes AMG Petronas Formula 1 supremo Bernie Ecclestone says he hopes...
9y ago from F1Zone.net
Elsewhere On The Network
Popular On MGPToday.com
Victoria Government rejects MotoGP requests to move...
The Victoria State Government has rejected a request from MotoGP to move...
16h ago from MotorsportWeek.c...
Australian government rejects MotoGP proposal to race...
No description available...
20h ago from Motorsport.com
Dorna Sports unveils rebrand as part of MotoGP...
Dorna Sports has announced it will be officially known as MotoGP Sports...
20h ago from MotorsportWeek.c...
Carlos Ezpeleta: 'We are in hurry to lay foundations...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
David Malukas heads the timesheets in opening IndyCar...
The NTT IndyCar Series held the first of two open test days at Phoenix...
6h ago from MotorsportWeek.c...
David Malukas paces first day of Unser IndyCar Open...
No description available...
6h ago from Motorsport.com
George Barber, founder of iconic IndyCar venue, passes...
Barber Motorsports Park has announced that founder of the iconic track...
11h ago from MotorsportWeek.c...
Dale Coyne “would like to be in the game” for...
No description available...
8h ago from Motorsport.com
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
2d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
2d ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
'Arsenal have a chance to get him': Arsenal tipped to...
Arsenal have been tipped to make a sensational move for former Manchester...
1h ago from CaughtOffside.com
Julian Alvarez makes transfer decision amid Arsenal...
Julian Alvarez has reportedly decided he favours a transfer to Barcelona...
41m ago from CaughtOffside.com
Report: Arsenal lead Tottenham in race to sign German...
Arsenal are reportedly in a strong position to secure the signature of...
21m ago from CaughtOffside.com
Arsenal get green light as 35-goal forward eyes summer...
Nico Williams has been linked with a move away from Athletic Club Bilbao...
12h ago from CaughtOffside.com
Comments
Hottest News
LIVE: 2026 F1 Bahrain Pre-Season 2nd Test – Day 1
Follow along with the opening day of the second... Read More »
1h ago from RacingNews365.com
Bahrain F1 pre-season test: Schedule and line-ups for week 2
Formula 1 teams will be back on track with their... Read More »
31m ago from F1i.com
George Russell knows Mercedes have got a package!
George Russell has been oozing with confidence... Read More »
31m ago from GrandPrix247.com
