News Details
CVC on verge of selling 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 a profit.' 'I'm happy with things...
Full Story »
Full Story »
9y ago from GrandPrix247.com
0
You May Also Be Interested In...
Renault Approve Early F1 Investment Increase
Renault have revealed that they are bringing forward their investment...
9y ago from FormulaSpy.com
Renault fast-tracks investment in search of progress
XPB Images
Renault has fast-tracked investment into its F1...
9y ago from F1i.com
Renault steps up investment plan
Halfway through a debut season which has proved every bit as challenging...
9y ago from Pitpass.com
Renault wants ‘charismatic' driver; Buttoning up...
F1 News Renault wants ‘charismatic' driver; Buttoning up their...
9y ago from Formula1Blog.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP announces Qatar round postponed until November
MotoGP has confirmed that Qatar's 10-12 April slot will be moved to 6-8...
7h ago from MotorsportWeek.c...
MotoGP postpones Qatar GP to November due to Middle...
No description available...
8h ago from Motorsport.com
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Max Taylor delivers late pass to capture first Indy...
No description available...
2h ago from Motorsport.com
Andretti Global “pretty close” to decision on...
No description available...
1h ago from Motorsport.com
IndyCar Arlington – Qualifying Results
25 IndyCar drivers took to the track Saturday afternoon to decide the...
20h ago from MotorsportWeek.c...
Scott McLaughlin faces tough drive from last after...
No description available...
19h ago from Motorsport.com
Popular On TotalWRC.com
“Proud” Ott Tanak, Kalle Rovanpera lead praise of...
No description available...
3h ago from Motorsport.com
WRC Safari Rally Kenya: Takamoto Katsuta scores...
No description available...
6h ago from Motorsport.com
Taka-San: King of Kenya
At the 94th time of asking, Takamoto Katsuta and co-driver Aaron Johnston...
5h ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal hero Thierry Henry sums up feeling of watching...
Arsenal legend Thierry Henry has revealed his reaction to teenage...
1h ago from SportsKeeda.com
“It’s not over. Who said that?” - Guardiola...
Manchester City boss Pep Guardiola has sent a strong message to Arsenal on...
6h ago from SportsKeeda.com
Man United lead race for 65m wonderkid on Arsenal,...
Manchester United are very interested in signing Assan Ouedraogo from RB...
8h ago from CaughtOffside.com
Liverpool and Arsenal in the race to sign 22-year-old...
Arsenal and Liverpool are interested in signing the FC Midtjylland winger...
8h ago from CaughtOffside.com
Comments
Hottest News
Charles Leclerc reveals brave Ferrari F1 decision after...
Charles Leclerc has said Mercedes' race pace... Read More »
5h ago from MotorsportWeek.com
Fernando Alonso blasts latest F1 embarrassment: 'The worst...
Fernando Alonso's sharp tongue has lashed out at... Read More »
7h ago from GPFans.com
George Russell expected Ferrari collision after 'most...
There were plenty of close calls between the... Read More »
46m ago from RacingNews365.com
