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Ecclestone hints at Formula 1 ownership change
Formula 1 CEO Bernie Ecclestone says that he is in discussions with three parties over the potential sale of the sport before the end of the year. CVC Capital Partners has held a controlling stake in the sport for a decade but Ecclestone suggested at the Camp Beckenbauer Global Summit that there could be a change on the horizon. "There are shareholders at the moment in such a position where they have to lose some of their shares or all of them shortly," he explained. "There has been a lot of interest and I would say there’s three parties at the moment that it’d be surprised if one of them don’t buy them shortly." Ecclestone added that he expected any potential...
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9y ago from F1Zone.net
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