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 »
10y 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...
10y 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...
10y ago from TheF1Times.com
Vergne handed 10 place grid penalty
Jean-Eric Vergne has been handed a ten-place grid penalty for the Spanish...
10y ago from Crash.net
Ecclestone tipped to survive corruption scandal
Bernie Ecclestone in court Formula 1 insiders have tipped the sport's boss...
10y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Davide Brivio commends ‘very good connection'...
Trackhouse Racing boss Davide Brivio commends the team's relationship...
11h ago from MotorsportWeek.c...
Dall'Igna on Newey comparisons: My decisions go...
No description available...
1d ago from Motorsport.com
Trackhouse Racing unveil 2025 MotoGP livery
On Tuesday afternoon in Charlotte, North Carolina, Trackhouse Racing...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
FOX Sports confirms broadcast team as it assumes...
FOX Sports has announced the trio of talent that will present the NTT...
1d ago from MotorsportWeek.c...
Translating the Chili Bowl's lessons into Ferrucci's...
No description available...
1d ago from Motorsport.com
Kyle Larson is taking a much more laid-back approach...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Why Toyota believes Rovanpera’s WRC return will...
No description available...
5h ago from Motorsport.com
Indonesia declares interest to make WRC return
No description available...
10h ago from Motorsport.com
Dakar 2025, Stage 10: Roma fastest as Lategan retakes...
No description available...
10h ago from Motorsport.com
Popular On GunnersToday.com
'Cannot be a worse performance in pro sports', 'Will...
No description available...
46m ago from SportsKeeda.com
Arsenal close gap on Liverpool with comeback win over...
Arsenal moved four points behind Premier League leaders Liverpool as two...
56m ago from SkySports.com
Arsenal 2-1 Tottenham: Highlights, man of the match,...
Arsenal move to within four points of Premier League leaders Liverpool...
46m ago from SportsMole.co.uk
Player ratings: Arsenal 2-1 Tottenham
Arsenal won a vital three points on Wednesday evening with a 2-1 win over...
36m ago from FreshArsenal.com
Comments
Hottest News
F1 team boss exit announced as Red Bull chief prepares for...
A Red Bull Formula 1 chief is preparing for his... Read More »
4h ago from GPFans.com
Love in the air for Lewis Hamilton and Sofía Vergara?
While many Formula 1 drivers often share the... Read More »
10h ago from GrandPrix247.com
Stroll REPLACEMENT verdict delivered after Aston Martin...
Lance Stroll has been handed a comprehensive... Read More »
3h ago from GPFans.com
