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Ecclestone 'in talks' to buy Formula 1 back from CVC
Bernie Ecclestone has hinted that he could take over majority ownership of Formula 1 again as part of a consortium with CVC boss Donald Mackenzie. CVC chairman Mackenzie already owns 35 per cent but is obliged to eventually sell his share to give his investors a return, but he could then return in a personal capacity according to Ecclestone. "It's like all hedge funds, they invest people's money for a certain period," he explained to Motorsport. "It doesn't matter how good they do, they have to give it back. Maybe they re-invest again, maybe they don't, I don't know. "Donald Mackenzie doesn't want to sell, as simple as that. He loves F1, he loves the business, he...
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9y ago from GrandPrixTimes.com
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