News Details
CVC poised to sell Formula 1 stake
CVC poised to sell Formula 1 stake CVC is poised to finally sell its multi-billion dollar majority stake in formula one, according to the business news agency Bloomberg. The report this week said the London based private equity firm is 'looking to exit the investment, possibly in a matter of weeks'. Bloomberg said CVC has enlisted the help of Goldman Sachs to look for buyers, with the price tag as high as $10 billion. CVC looks set to bank a huge profit on the deal, with many insiders claiming the outfit's stewardship has not been positive for the sport. F1 supremo Bernie Ecclestone, however, said CVC has been 'pretty upfront' about its motives. 'They buy and sell companies looking to make...
Full Story »
Full Story »
8y ago from ThisIsF1.com
0
You May Also Be Interested In...
CVC on verge of selling Formula 1 stake
CVC is poised to finally sell its multi-billion dollar majority stake in...
8y ago from GrandPrix247.com
CVC could sell F1 'in a matter of weeks'
XPB Images
CVC Capital Partners could sell its majority...
8y ago from F1i.com
McLaren "could cause issues" in Force India...
Force India believes that McLaren could now play a decisive role in its...
8y ago from Motorsport.com
Could F1 be sold in September?
F1 News Could F1 be sold in September? Formula1blog.com Podcast #486...
8y ago from Formula1Blog.com
Elsewhere On The Network
Popular On MGPToday.com
The Aprilia and Jorge Martin saga: What’s next?
No description available...
7h ago from Motorsport.com
Marc Marquez admits he ‘needs to work on mistakes’...
Marc Marquez admits he and younger brother Alex Marquez "were the...
7h ago from MotorsportWeek.c...
Jorge Martin confirms desire to leave Aprilia for...
No description available...
11h ago from Motorsport.com
Jorge Martin confirms intention to leave Aprilia at...
Reigning World Champion Jorge Martin has released a statement confirming...
10h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Veteran engineer Michael Cannon returns to Dale Coyne...
Dale Coyne Racing has announced that it has re-hired expert engineer...
1d ago from MotorsportWeek.c...
Three drivers lose Indy 500 finishing positions after...
The NTT IndyCar Series has penalized three drivers following the...
2d ago from MotorsportWeek.c...
Exclusive: Alex Palou “woke up at 3am and couldn't...
No description available...
2d ago from Motorsport.com
Andretti Global, Prema Racing issued suspensions and...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Co-driver dies after crash during Jim Clark rally in...
Roberts, 39, was pronounced dead at the scene near Duns in the Scottish...
5d ago from TheGuardian.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
1w ago from Motorsport.com
WRC signs new deal to race in Portugal until at least...
No description available...
1w ago from Motorsport.com
WRC Portugal: Sebastien Ogier claims record-extending...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal hold concrete initial talks to sign Bundesliga...
Arsenal have reportedly commenced talks to land RB Leipzig striker...
1h ago from SportsKeeda.com
“I couldn’t really see him heading to Arsenal...
Journalist Charlie Watts has said that Newcastle United attacker Anthony...
2h ago from SportsKeeda.com
Wolves 'eyeing up' 21-year-old Premier League attacker...
Wolverhampton Wanderers and Arsenal are reportedly keen on signing...
2h ago from SportsMole.co.uk
Eberechi Eze: Crystal Palace star hints at future exit...
Eberechi Eze seemingly hints that he would be open to leaving Crystal...
4h ago from SportsMole.co.uk
Comments
Hottest News
Christian Horner confirms talks with rival F1 teams
Red Bull team principal Christian Horner has... Read More »
2h ago from GPFans.com
Fernando Alonso snubbed as F1 rival chosen for 2026 driver...
Fernando Alonso has been bypassed for a 2026 role... Read More »
1h ago from GPFans.com
Carlos Sainz issues DAMNING Lewis Hamilton Ferrari verdict
Carlos Sainz has discussed Lewis Hamilton’s... Read More »
50m ago from GPFans.com
