News Details
F1 negativity to delay floatation plans again
The crisis of collapsing and complaining teams looks set to once again spoil plans for F1's stock market floatation.
The sport's majority shareholder CVC wanted to float formula one in Singapore in 2012, but the plans were delayed amid market uncertainty and Bernie Ecclestone's high profile legal troubles.
Those concerns have since lifted, and the financial news service Bloomberg claims that CVC was back on track to float F1 early in 2015.
The report said CVC has commissioned Goldman Sachs, Morgan Stanley and UBS to work on the possible initial public offering.
But now two teams, Marussia and Caterham, have collapsed, and other struggling small outfits Lotus, Sauber and Force India are...
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10y ago from GrandPrix.com
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