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0Report: CVC sells off 21 per cent of Formula One 1340209800
It may be a while before Bernie Ecclestone is successful in his plans to float Formula One on the Singapore Stock Exchange, but that doesn't mean that he and his employers at CVC Capital Partners can't begin selling off chunks of their business. Out of a valuation of US$9.1 billion, CVC sold off ...
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Report: Yellow-Flagged: Formula One's French Grand Prix and IPO potentially on hold 1337173200
It is exceptionally rare for Bernie Ecclestone to be shown the yellow flag when it comes to his Formula One business dealings, but that's what happened with two of his projects. A month ago, Ecclestone agreed to terms with France's sports minister David Douillet to reinstate the French Grand Prix ...
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Report: CVC selling 20 per cent of Formula One with US$2B Singapore IPO 1334158200
Formula One has many homes: the Formula One Management company that controls its commercial aspects is based in London, the FIA that governs its sporting aspects is based in Paris, and you'd certainly have a point to make if you asserted its spiritual home was in Monaco. But none of these places ...
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Report: California investment firm considers buying back F1 1324389540
CVC. To those familiar with the commercial side of things, those letters are synonymous with Formula One. But they weren't always, and they may not be forever. In fact, it is almost assured that the day will come when CVC Capital Partners will sell its majority stake in the premier racing series. ...
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Abu Dhabi's Mubadala Development Co emerges as another partner for F1 bidders 1305633540
Ferrari and its stakeholders and executives (past and present) seem hell-bent on gaining control of Formula One and all it's worth. First came the election of former Ferrari CEO Jean Todt to the head of the FIA, which governs Formula One. Then more recently came reports that Exor – the ...
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Bernie Ecclestone poo-poos talks of F1 sale 1303907280
It takes two to tango, and apparently Bernie Ecclestone is in no rush to lace up his dancing shoes. The F1 chief reportedly insists that, despite rumours of Rupert Murdoch and Carlos Slim joining forces to buy it out, the international motor racing series is not, in fact, for sale. CVC Capital, ...
