News Details
Ecclestone calls on CVC for clarity
Bernie Ecclestone says that until CVC Capital Partners decides what it wants to do, in terms of its stake in F1, the sport is effectively in limbo. The private equity firm bought F1 in 2006 with a $1.1bn loan financed by the Royal Bank of Scotland and a further loan of $965m from its investment Fund IV. Since then, CV, which has sold off some of its holding but still retains a 35% share, has raked in around $4.4bn in dividends, whilst its remaining stake is said to be worth around $3bn. Whilst 20.7% has been sold to American asset management company Waddell and Reed, and Ecclestone himself holds 5.2%, there have been several false starts in terms of CVC's future in terms of F1. Having held...
Full Story »
Full Story »
9y ago from Pitpass.com
0
You May Also Be Interested In...
Bernie calls on Ferrari – but is it the year of...
Bernie Ecclestone is hoping Ferrari can reinvigorate Formula One after...
9y ago from F1.co.uk
F1 contemplates Ecclestone succession; what's wrong...
F1 News COTA to announce USGP will happen in 2016 Alonso: Honda can beat...
9y ago from Formula1Blog.com
F1 resumes with usual din of disputes
When the Formula One season begins next week, spare a thought for the...
9y ago from F1Pulse.com
Ecclestone hopes for Ferrari-Mercedes scrap
Mercedes AMG Petronas Formula 1 supremo Bernie Ecclestone says he hopes...
9y ago from F1Zone.net
Elsewhere On The Network
Popular On MGPToday.com
No new Yamaha MotoGP engine until after French GP,...
No description available...
12h ago from Motorsport.com
Aprilia on dominant MotoGP start: 'Ducati isn’t...
No description available...
1d ago from Motorsport.com
Fermin Aldeguer to attempt MotoGP comeback in Brazil...
No description available...
1d ago from Motorsport.com
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
David Malukas earns Phoenix IndyCar pole as Will Power...
No description available...
1h ago from Motorsport.com
Malukas masters Phoenix to earn first IndyCar pole
For the first time since 2018 , the NTT IndyCar Series completed a...
1h ago from MotorsportWeek.c...
IndyCar Phoenix – Qualifying Results
IndyCar’s busy Friday continued with a single-car, two-lap qualifying...
1h ago from MotorsportWeek.c...
David Malukas tops 175MPH in IndyCar’s opening...
Just five days after the opening round of the 2026 IndyCar season,...
5h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Hyundai WRC team is "working at 120 per...
No description available...
1d ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
3d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal to battle it out with Man City for £48m...
Arsenal are interested in signing the Como attacker Jesus Rodriguez at the...
4h ago from CaughtOffside.com
'Don’t really care about what he says' –...
Arsenal’s 1-0 victory over Brighton & Hove Albion might not have been a...
6h ago from CaughtOffside.com
Martin Odegaard among 8 players Arsenal are...
Martin Odegaard has surprisingly emerged as one of the players Arsenal are...
4h ago from SportsKeeda.com
CaughtOffside's Transfer Fit rating explained: Michael...
Transfers are a big part of football, and it's every bit as chaotic and...
7h ago from CaughtOffside.com
Comments
Hottest News
Aston Martin have a genius trick to overcome F1 car's bad...
A bizarre trick could help F1 stars Fernando... Read More »
6h ago from GPFans.com
Lewis Hamilton F1 nightmare returns just one day into 2026...
Someone better call Bill Murray because it's... Read More »
2h ago from GPFans.com
Who is Carlo Santi? Lewis Hamilton's new Ferrari race...
Ferrari F1 superstar Lewis Hamilton has a new... Read More »
56m ago from GPFans.com
