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Ecclestone may sell F1 stake
Ecclestone faces a court case in Germany next month Sutton Images Enlarge Bernie Ecclestone has revealed he plans to sell his 5.3% stake in Formula One when private equity firm CVC, the controlling shareholder, exits the business. CVC currently holds a 35% stake but their plan to exit in an Initial Public Offering (IPO) on the Singapore stock exchange in 2012 was put on hold by the eurozone crisis, while Ecclestone's bribery charges have also delayed matters. "If I sell I would sell with CVC. If somebody wants to buy CVC's shares but doesn't need mine then I will keep them," Ecclestone said. Next month Ecclestone goes on trial for allegedly paying part of a $44 million bribe to...
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10y ago from espnF1.com
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