News Details
Ecclestone greases F1 float with FIA equity stake of 1%
You may recall that Formula 1’s governing body, the FIA, announced that they had signed an agreement with the commercial rights holders. For years the Concorde Agreement has governed the sport, which was a tripartite agreement between the FIA, Formula One Management (FOM) and the teams. This agreement is something different and it appears it gives the FIA more of what they want—money.
According to the Guardian’s Christian Sylt, the FIA will now receive a 1% stake in Formula 1 nested in the planned flotation of the sport. This could mean an increase in FIA revenue from $10m annually to $40m plus a 1% equity stake worth $120m. It's a strong financial position but check out Mr. Sylt's...
Full Story »
Full Story »
12y ago from Formula1Blog.com
0
You May Also Be Interested In...
Pirelli close to finalising three-year contract
Pirelli are closing on a new deal which will see them supplying Formula 1...
12y ago from TheF1Times.com
New Pirelli Formula 1 tyre supply deal to be for the...
New Pirelli Formula 1 tyre supply deal to be for the next three years 7...
12y ago from GrandPrix247.com
F1 2013 – Ecclestone paid team bosses $10mil each to...
During his trial at the high court this week, it was revealed that Bernie...
12y ago from F1.co.uk
Ecclestone appears in court
F1 boss Bernie Ecclestone appeared in the High Court in London on...
12y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Heavy rain and flooding hits Autodromo Ayrton Senna...
No description available...
6h ago from Motorsport.com
Marc Marquez: 'Speeds will be lower with 850cc bikes,...
No description available...
1d ago from Motorsport.com
The key challenges MotoGP teams will face in the 2027...
No description available...
1d ago from Motorsport.com
VR46 looking for mix of experience and youth in 2027...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
20h ago from MotorsportWeek.c...
Takuma Sato set for Indy 500 return with Rahal...
No description available...
20h ago from Motorsport.com
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
1d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC working to secure future of Safari Rally Kenya...
No description available...
3h ago from Motorsport.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
2d ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
2d ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Thierry Henry tips 'oustanding' Arsenal bargain...
Arsenal legend Thierry Henry has backed goalkeeper David Raya to win...
4h ago from CaughtOffside.com
Newcastle rival Arsenal & Manchester City for...
Newcastle United are one of the clubs reported to have set their sights on...
5h ago from CaughtOffside.com
Episode 868: Eze cooks; Rice …
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
5h ago from Arseblog.com
Report: La Liga giants closely monitoring attacking...
Atlético Madrid are reportedly assessing potential moves for Arsenal...
6h ago from CaughtOffside.com
Comments
Hottest News
Kimi Antonelli receives special message from F1 world...
Kimi Antonelli scored his first F1 grand prix... Read More »
53m ago from RacingNews365.com
F1 News Today: Max Verstappen told to leave F1 as...
Max Verstappen's criticism of the new F1 cars has... Read More »
53m ago from GPFans.com
George Russell linked with $300m move away from Mercedes to...
An astonishing transfer claim has been made about... Read More »
7h ago from GPFans.com
