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Ecclestone reveals F1 could be sold this year
Bernie Ecclestone has suggested Formula 1 could be sold to one of three potential buyers in the next couple of months. As it stands, Ecclestone retains a 5.3 per cent share in F1, with CVC Capital Partners holding the controlling share of 35.5 per cent it has held since it took over the sport in 2006 for around $2 billion. A handful of other investors, including Blackrock, Waddell & Reed, Norges and failed bank Lehman Brothers also hold a stake. However, speaking at the Camp Beckenbauer Global Summit, Ecclestone says three interested parties have come forward with a view to purchasing Formula 1, before revealing he expects a new owner to be established by the end of the year. “There has...
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