Tag Archive: CVC

Oct 04

Ecclestone says F1 board reports ‘rubbish’

Bernie Ecclestone has slammed reports his return to formula one’s executive board has been denied.

2012-11-15_0006 British newspapers on Friday had said that despite his German legal troubles now being over, the board of F1’s holding company Delta Topco put “conditions” on Ecclestone’s return that were not met. Read the rest of this entry »

Sep 15

Ferrari could take $25m stake in F1

Ferrari could become the first F1 team to actually own a stake in the sport, the Telegraph reports.

2014-06-05_0034 F1 business journalists Christian Sylt and Caroline Reid reveal that, as a non-executive director of the sport’s holding company Delta Topco, departing Ferrari president held an option to buy into F1 to the tune of about $25 million. Read the rest of this entry »

Aug 24

Ecclestone returns to F1’s executive board

Bernie Ecclestone has returned to the executive board of F1’s parent company.

2013-06-06_0008 Although he remained F1 chief executive, the 83-year-old had stepped down from Delta Topco amid his corruption trial in Germany. Read the rest of this entry »

Aug 06

‘Free man’ Ecclestone goes back to work on F1

Bernie Ecclestone is going straight back to work after agreeing a $100 million deal to end his bribery trial in Munich.

Bernie Ecclestone-11-2010 Amid high controversy and suggestions F1’s major stakeholders and his employer CVC might not be happy with Tuesday’s news, it was confirmed that the outcome of the court proceedings is that the 83-year-old is a “free man”. Read the rest of this entry »

Aug 05

Ecclestone corruption ‘acquittal’ set for Tuesday

Bernie Ecclestone is expected to put the corruption scandal behind him on Tuesday and return full-time to formula one.

Formula 1 Circuit in Sochi - Bernier Ecclestone 2 The sport’s chief executive has been caught up in a German court trial in the opening half of most weeks recently as he fends off accusations he bribed Gerhard Gribkowsky. Read the rest of this entry »

Aug 04

F1 to ‘welcome’ Ecclestone court settlement – Lauda

“If Bernie stops, it would have been a disaster for formula one”

2014-06-07_0324 Niki Lauda says F1 should “welcome” the news that Bernie Ecclestone looks to have settled the high-profile corruption case that threatened his role at the top of the sport. Read the rest of this entry »

Jul 20

Ecclestone plays down F1 buy-back reports

Bernie Ecclestone has played down suggestions he is set to buy back formula one.

Donald MacKenzie - Bernie Ecclestone F1 business journalist Christian Sylt claims the sport’s biggest shareholder, CVC, is already committed to selling its stake by next July. Read the rest of this entry »

Jul 10

CVC’s Mackenzie backs Ecclestone in court

F1 owner CVC’s chief Donald Mackenzie on Wednesday gave Bernie Ecclestone a boost.

2011-06-09_0303 Mackenzie, CVC’s co-founder and chairman, has not always seen eye-to-eye with F1’s controversial ‘supremo’, and has even warned that Ecclestone risks expulsion over the Gerhard Gribkowsky bribery affair. Read the rest of this entry »

Jul 05

Ecclestone admits F1 buy-back possible

Bernie Ecclestone has admitted he might buy back formula one.

2012-11-15_0008 The Silverstone weekend kicked off amid rumours major shareholder CVC could be considering selling its stake. Read the rest of this entry »

Jul 03

F1 teams also battling to buy into sport

“Lawrence Stroll, of Tommy Hilfiger, who apparently has Ferrari on board

2014-06-08_0747Formula one teams may not just be competing for trophies and sponsors, according to a report by Germany’s Auto Motor und Sport.

Read the rest of this entry »

Jul 02

Witness gives Ecclestone good day in court

Bernie Ecclestone’s defence got a boost on Tuesday, as the corruption trial continued in Munich.

2012-11-15_0008 If found guilty of having bribed the jailed former F1 banker Gerhard Gribkowsky, the sport’s chief executive will certainly lose his job, and probably also be jailed. Read the rest of this entry »

May 26

F1 could be destroyed without a ‘dictator’ – Briatore

Formula one “needs a dictator”, according to the flamboyant former team boss Flavio Briatore.

Flavio Briatore - Bernie Ecclestone Embroiled in a corruption scandal that could end his reign, F1’s current ‘supremo’, Bernie Ecclestone, has hinted that his bosses at CVC could be about to replace him. Read the rest of this entry »

May 24

Ecclestone should have quit F1 already – Briatore

Flavio Briatore thinks Bernie Ecclestone’s days in charge of F1 are numbered.

Flavio Briatore - Bernie Ecclestone Embroiled in a bribery scandal and criminal trial, the sport’s ‘supremo’ on Friday stunned the paddock when he said that if F1 owner CVC finds a successor for him, “I will leave tomorrow”. Read the rest of this entry »

May 23

Ecclestone hints he could ‘leave F1 tomorrow’

Bernie Ecclestone has hinted he is close to stepping down as F1 supremo.

2011-06-09_0303 Most insiders believe that, with star witness Gerhard Gribkowsky often sounding contradictory or unbelievable, Ecclestone’s Munich corruption trial is going well for the 83-year-old. Read the rest of this entry »

May 19

F1 eyes Scudamore to replace Ecclestone

CVC has admitted it is interested in hiring him for F1

2012-11-15_0008 A source at F1 owners CVC have named Richard Scudamore as an ideal successor to the sport’s embattled chief executive Bernie Ecclestone. Read the rest of this entry »

Apr 24

F1 board admits Ecclestone reign ‘over’

Ecclestone era is “over”

2012-06-07_0340 The criminal trial is only just beginning, but F1’s board has already conceded that the Bernie Ecclestone reign is at an end. Read the rest of this entry »

Apr 18

Plea bargain could keep Ecclestone in charge

“I’m going into this trial to prove my innocence of what I’m being charged with”

2013-06-07_0008Bernie Ecclestone has denied rumours he will strike a plea deal with Munich prosecutors to stay out of jail and in charge of F1. Read the rest of this entry »

Apr 09

Teams in talks to buy into F1 – Ecclestone

A group of teams is indeed “having a conversation” about buying into F1

2014-03-30 - Scuderia Ferrari - Malaysia - Fernando Alonso - Kimi Raikkonen - Teams 01 Bernie Ecclestone on Wednesday revealed that a group of teams is considering buying into formula one. Read the rest of this entry »

Apr 03

Next revolution afoot as Montezemolo meets Ecclestone

On the table will be discussions about the controversial fuel flow meter

Luca di Montezemolo - Bernie Ecclestone Ferrari president Luca di Montezemolo flew from Maranello to London this week to meet with F1’s chief executive Bernie Ecclestone. Read the rest of this entry »

Mar 30

Bernie Ecclestone has been on a mission in Malaysia this weekend to turn up the volume in formula one

Ecclestone on a mission to make more noise

2012-11-15_0006 Apparently alarmed that the sport’s new, quieter tones will drive away promoters, sponsors and fans, the F1 chief executive has been hard at work trying to come up with a way to make the turbo V6s louder. Read the rest of this entry »

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