“We can confirm we’ve not had any offer from CVC at all.”
An FIA spokesman has rejected F1 legend Sir Jackie Stewart’s claim that the sport is disorganised and poorly managed.
One of the unnamed sources said the new CVC agreement will benefit the FIA to the tune of about $25 million.
The FIA is close to completing a successful push for a bigger slice of F1′s financial pie, according to a report by the expert financial source Bloomberg. Citing ‘two people familiar with the situation’, the media report said the now Jean Todt-led Paris federation is set to boost its coffers to about $40 million per year.
Jean Todt has dismissed suggestions he is willing to loosen the FIA’s grip on formula one in return for more money.
Ahead of a crucial meeting between the FIA president, Bernie Ecclestone and the teams in Paris on Tuesday, the Financial Times reported speculation Frenchman Todt will agree to trade some of the federation’s rule-making power for a bigger share of the sport’s financial pie.
Lotus backs Sauber over budget cap proposal
The real motive for Lotus’ protest against the Mercedes ‘double-DRS’ may be emerging. A rumour in the Shanghai paddock is that the former Renault team, despite apparently pushing the FIA to ban the concept, could be planning an even more radical version of the aerodynamic-stalling idea.
Martin Brundle has admitted he is surprised HRT is still struggling so much at the start of its third season in formula one.
Bernie Ecclestone has fired a warning shot as his negotiations ramp up with formula one teams over the next Concorde Agreement.
Red Bull quit FOTA because the teams association had ceased to have a good purpose, Dr Helmut Marko said this week.
News Corp and Exor refused to comment, as did CVC.
Rupert Murdoch’s interest in bidding to buy formula one might not be dead, according to the financial news agency Bloomberg. Amid the News of the World and phone hacking scandal in the UK, News Corp’s interest in F1 together with the Ferrari-linked Exor company was believed to have receded.
Bernie Ecclestone has risked triggering speculation about FIA president Jean Todt’s future.
In an interview with Germany’s Die Welt, the F1 chief executive looked ruefully back on the infamous era alongside Todt’s predecessor Max Mosley. Ecclestone, who turns 81 on Friday, admitted recently he does not always see eye-to-eye with Frenchman Todt.
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