Tag Archive: Delta Topco

Jan 19

FIA gives green light to Liberty Media takeover of F1

“The FIA holds a one per cent shareholding in Delta Topco”

Liberty Media logoLiberty Media’s takeover of Formula 1 has been backed by the FIA in a unanimous vote by the World Motor Sport Council which met in Geneva.

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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 »


Feb 26

Horner ‘fits the bill’ to replace Ecclestone – source

Christian Horner is being hotly tipped as the next ‘F1 supremo’

2013-06-09_0607 A source at Delta Topco, the CVC-controlled group that owns the sport’s commercial rights, has named 40-year-old Briton Horner as the top choice to succeed embattled chief executive Bernie Ecclestone. Read the rest of this entry »


Jan 24

Mercedes happy about Ecclestone’s lesser F1 role

Mercedes has welcomed Bernie Ecclestone’s departure from the F1 board.

Niki Lauda - Ross Brawn - photo Mercedes AMG The embattled 83-year-old Briton remains chief executive, but his decision-making power has been diminished while he faces criminal court in Germany over the bribery affair. Read the rest of this entry »


Jan 17

Ecclestone plays down F1 board exit

“For Formula One Management it’s the same as before. There is no change at all.”

2013-06-06_0008 Bernie Ecclestone has played down his exit from the F1 board, insisting he is still in charge of the sport. Read the rest of this entry »


Jan 17

Ecclestone steps down from F1 board

Ecclestone “will step down as a director with immediate effect”

Bernie Ecclestone’s demise may now have begun, as the F1 chief executive stepped down from the sport’s board. Read the rest of this entry »


Nov 26

F1 owners could oust Ecclestone over bribery charge – reports

“Formula one could soon have a new ruler,” said the SID wire report.

Flagworld - F12012-11-15_0006Bernie Ecclestone’s days at the helm of formula one could be numbered, reports by Germany’s Suddeutsche newspaper and the SID news agency claim. Read the rest of this entry »


Jun 18

Campbell allowed to keep $10m F1 stake – report

David Campbell’s short-lived role in formula one netted him about $10 million, it has emerged.

Flagworld - F12012-06-07_0277Famous for transforming London’s O2 Arena, Campbell was appointed by Bernie Ecclestone last year to succeed trackside advertising company Allsport and the Paddock Club’s retiring Paddy McNally.

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Mar 08

Lehman Brothers selling 15pc F1 share

Lehman Brothers became a F1 shareholder in 2002

CVC Capital PartnersFlagworld - F1F1 could be set to get some new shareholders, amid reports the collapsed US bank Lehman Brothers wants to sell its stake within two years. Read the rest of this entry »


Feb 16

F1 owner CVC launches Gribkowsky bribe investigation

F1’s owner has launched an investigation into the takeover of the sport five years ago.

Flagworld - F1The news comes after banker Gerhard Gribkoswky was jailed on charges surrounding his receipt of $50 million, with mainly German publications claiming F1 chief executive Bernie Ecclestone may be connected with the mystery payment. Read the rest of this entry »


Feb 12

F1 has some new shareholders

Sir Martin Sorrell and Peter Brabeck both took shares in the sport’s holding

Formula one has a group of new minority shareholders, according to the Financial Times.

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