Bernie Ecclestone has slammed reports his return to formula one’s executive board has been denied.
Tag Archive: Delta Topco
Ferrari could become the first F1 team to actually own a stake in the sport, the Telegraph reports.
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.
F1’s owner has launched an investigation into the takeover of the sport five years ago.
The 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.