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
Carlos Ezpeleta: 'We are in hurry to lay foundations...
No description available...
19h ago from Motorsport.com
How Jorge Lorenzo is pushing Maverick Vinales beyond...
No description available...
1d ago from Motorsport.com
Ducati will continue racing its unbeatable 2024 engine...
No description available...
2d ago from Motorsport.com
Can Johann Zarco match factory Honda duo Joan Mir and...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Understanding IndyCar's new deal with Chevrolet and...
No description available...
11h ago from Motorsport.com
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
4d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar with full time seat...
Dale Coyne Racing has made public its plans for the 2026 IndyCar season,...
3d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar, signs with Dale...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
20h ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
1d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
1d ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta eyes 100million Spaniard to add quality...
Arsenal have been informed that Nico Williams could be available for...
5m ago from CaughtOffside.com
Saka set to miss out on Arsenal captaincy as insider...
Arsenal are reportedly in talks with club captain Martin Odegaard...
8h ago from CaughtOffside.com
Wolverhampton Wanderers vs Arsenal Prediction and...
Wolverhampton Wanderers will host Arsenal at the Molineux on Wednesday in...
10h ago from SportsKeeda.com
Player ratings: Arsenal 4-0 Wigan
Arsenal advanced to the last 16 of the FA Cup with a convincing win over...
10h ago from FreshArsenal.com
Comments
Hottest News
F1 News Today: Lewis Hamilton speaks out on split as Kim...
F1 superstar Lewis Hamilton has opened up on his... Read More »
55m ago from GPFans.com
Gearbox joins Honda on Aston's growing problem list
Feb.17 Aston Martin's 2026 troubles may extend... Read More »
45m ago from OneStopStrategy.com
Towriss sets F2 target for Herta as Cadillac eyes 2027
Feb.17 Cadillac chief executive Dan Towriss has... Read More »
45m ago from OneStopStrategy.com
