Connect with us

2015 F1

Ecclestone and Mackenzie ‘might buy Formula 1’

Published

on


Ecclestone and Mackenzie 'might buy Formula 1'

Ecclestone and Mackenzie ‘might buy Formula 1’

Bernie Ecclestone has now stepped away from his earlier claim that the sale of formula one is imminent.

Earlier this week, the F1 supremo indicated that he thinks one of three interested parties will take over from current owner CVC “very shortly”.

In the wake of the comments, the Financial Times reported that CVC and a US-Qatari consortium have “shaken hands” on a deal, with a source saying due diligence is taking place now.

That would tie in with Ecclestone reportedly meeting with Miami Dolphins owner Stephen Ross at Wembley Stadium last weekend, but Ecclestone insisted: “We did not talk about what you think.”

And he is now backing away from his earlier comments about F1’s imminent sale, which had triggered rumours that Ecclestone could also sell his shares and step down.

“I do not need to leave at the moment,” the 84-year-old Briton said on Thursday. “I didn’t mention anything.”

He admitted that three parties are “interested” in buying F1, but he insisted “I am not selling”.

“Mr (Donald) Mackenzie, who is the controlling shareholder, also doesn’t want to sell,” explained Ecclestone. “If someone wants to buy and someone doesn’t want to sell it is difficult.”

Indeed, a new report in the Telegraph newspaper claims Mackenzie and Ecclestone might even join forces to buy more of CVC’s shares.

“I think he might buy and if he does I would go in with him,” Ecclestone told F1 business journalist Christian Sylt.

CVC did not comment.

It might be an odd time for sale rumours to be flying about, given the uncertainty surrounding the futures of Red Bull and Lotus, and two small teams having filed a complaint about F1 with the European Commission.

Ecclestone said he is not worried about the latter.

“Not at all. There is no cartel,” he insisted. “Let’s see what the Commission does about it (the complaint).

“Anyone who follows F1 will know that we will survive and still be here in a million years.” (GMM)

Comments

Latest Results




Latest F1 News

2018 F122 hours ago

Ferrari to reveal 2019 car on February 15

Ferrari will reveal its 2019 challenger on February 15, team boss Maurizio Arrivabene said on Thursday. The Italian attended an...

2018 F12 days ago

F1 teams worried about Brexit crisis

F1 teams admit they are worried about the Brexit crisis that is occurring in Britain. After British people voted in...

2018 F12 days ago

‘I have mixed feelings’ about Kubica return – Vettel

Sebastian Vettel says he has “mixed feelings” about Robert Kubica’s return to formula one. Former grand prix winner Kubica, now...

2018 F12 days ago

Monza seeking EUR 100m for upgrade

Monza is looking for EUR 100 million to upgrade the Italian grand prix venue and secure a new grand prix...

2018 F13 days ago

Sirotkin to test DTM, Hartley to Porsche

Sergey Sirotkin could keep his motor racing career alive in the German touring car series DTM. SMP Racing, his Russian...

2018 F13 days ago

McLaren not ‘copying’ Red Bull car – Sainz

Carlos Sainz has played down claims McLaren is ‘copying’ Red Bull’s chassis concept for 2019. With Red Bull moving to...

2018 F13 days ago

Barcelona hopes for new F1 contract

Organisers of the Spanish grand prix are still not sure they will reach a new agreement with Liberty Media. Vicenc...

2018 F14 days ago

Berger sees F1 chance for nephew Auer

is hoping his nephew may have a future in formula one. One the one hand, the F1 legend said he...

2018 F14 days ago

Hamilton teammate Bottas ‘is not there’ – Verstappen

Max Verstappen has admitted he will try to emulate Lewis Hamilton and Mercedes’ approach to winning the world championship. The...

2018 F14 days ago

Mexico GP future in doubt

A cloud has moved above the future of the highly popular Mexican grand prix. The rejuvenated race at the iconic...




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