Connect with us

Bernie Ecclestone

Main shareholder CVC preparing to sell F1 to Red Bull

Published

on

CVC preparing to sell F1 to Red Bull
Bernie Ecclestone has welcomed reports Red Bull might be looking at buying formula one.

Some journalists have speculated there is more than meets the eye to the former world champions’ mischief-making in past weeks, including bemoaning Mercedes’ dominance, criticising rules that are “killing” the sport, and threatening to quit.

Publications including Auto Motor und Sport, Blick and Osterreich have all reported rumours that Red Bull mogul and billionaire Dietrich Mateschitz is looking to sell Red Bull Racing and Toro Rosso and “take over from CVC as the main shareholder of formula one”.

“I would be delighted,” F1 supremo Ecclestone told a group of selected reporters in Malaysia.

“They (CVC) would be as well. Their business is buying and selling companies, so if somebody comes along with a good offer then I’m sure they’d sell. They’d have to,” said the 84-year-old.

Christian Horner, a traditional ally of Ecclestone’s and team boss of the premier Red Bull team, said on Friday: “I mean, Red Bull don’t run formula one.”

He had been asked by a journalist at Sepang what Red Bull would do to change F1 if it did promote the sport.

“Red Bull promotes events, it promotes championships and has done so successfully,” said Horner, explaining that he thinks the sporting and technical rules “are driving the costs far too high”.

“I think to get those under control needs a fundamental look at what formula one is and what does formula one need to be in the future,” he added. (GMM)

Comments

Latest Results




Latest F1 News

2018 F11 hour ago

Verstappen beats Hamilton to top spot in German GP practice

1ShareMax Verstappen was fastest in second practice in German Grand Prix, the Dutchman kept Red Bull Racing’s striking form at...

2018 F16 hours ago

Practice 1 Results: German Grand Prix

60Shares2018 German Grand Prix Practice 1 Results (FP1): First free practice results and Timings (FP1) for the eleventh round of...

2018 F18 hours ago

Bottas signed, Mercedes completed its driver line-up for 2019

183SharesValtteri Bottas has signed a new one-year contract extension with Mercedes, his team Mercedes have officially announced. It follows Mercedes...

2018 F18 hours ago

We are not negotiating with Kubica – Haas F1

1ShareGunther Steiner has rejected speculation Haas might sign up Robert Kubica for 2019. Pole Kubica is the reserve driver at...

2018 F19 hours ago

The F1 Silly Season: Who will be driving where for 2019 F1?

4SharesWith the German Grand Prix spotted the midway point in the 2018 Formula 1 Season, it now feels like the...

2018 F11 day ago

F1 should be a dictatorship – Berger

11SharesFormula one needs to return to its days as a dictatorship. That is the view of Gerhard Berger, the F1...

2018 F11 day ago

We have great confidence in Honda – Red Bull

1ShareChristian Horner remains confident Honda is the right move for Red Bull. The Red Bull boss said that at Silverstone...

2018 F11 day ago

F1 steward Mika Salo admits Ferrari penalties controversy

11SharesF1 steward Mika Salo has acknowledged the controversy over penalties given to Ferrari drivers in recent races. After Sebastian got...

2018 F11 day ago

McLaren, Williams, admit need for change

76SharesAn anonymous engineer says struggling once-great F1 teams Williams and McLaren need to make sweeping changes. Both British teams have...

2018 F12 days ago

Hamilton is stronger than Vettel – Briatore

260SharesFlavio Briatore thinks Mercedes is still the favourite for the 2018 world championship. Ferrari’s Sebastian Vettel has taken an 8...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media