Tag Archive: Exor

Nov 09

Murdoch’s F1 takeover bid ‘still alive’ – report

News Corp and Exor refused to comment, as did CVC.

News Corporation 2011-05-03CVC Capital PartnersRupert 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.

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Sep 21

Murdoch has lost interest in F1 – Ecclestone

Bernie Ecclestone thinks News Corp has lost interest in buying formula one.

News Corporation 2011-05-032011-06-09_0303Before the phone-hacking scandal stepped into a high gear earlier this year, the Rupert Murdoch-led media conglomerate and the Ferrari-linked Exor company announced they were looking at “formulating a long-term plan for the development of formula one”.

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Sep 15

Whitmarsh confirms teams eyeing F1 stake

Martin Whitmarsh has confirmed a move by formula one teams to buy a stake in formula one.

2011-06-12_1452Flagworld - F1According to The Independent newspaper, the McLaren and FOTA chief confirmed that DC Advisory Partners has been appointed by the teams association ahead of the forthcoming negotiations for the next Concorde Agreement.

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Sep 13

Vettel eyes pole record but says Senna was best

Vettel’s Ferrari interest ‘very good’ – Agnelli

2011-08-28 - Red Bull Racing - Belgium - Christian Horner - Sebastian Vettel2011-08-28 - Red Bull Racing - Belgium - Sebastian Vettel (7)Sebastian Vettel is likely to break an almost twenty year old formula one record this year. In 1992, Williams’ Nigel Mansell started from the front of the grid no fewer than 14 times, and Vettel has already won 10 poles in 2011 with six races left to run.

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Jul 09

Ecclestone admits interest in buying back F1

Bernie Ecclestone has admitted he is interested in buying back formula one.

Ecclestone-2008-09-06The F1 chief executive currently works for the sport’s majority owner CVC, whilst retaining a small percentage of the commercial rights for himself.

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May 26

Rumour – Ecclestone plots to buy back F1

Bernie Ecclestone could be plotting his next move to retain control of his formula one circus.

Ecclestone-2008-09-06The 80-year-old, who has bought and sold the commercial rights several times since revolutionising the sport decades ago, is rumoured to be considering buying back full control from F1’s current owners CVC. The move follows Ecclestone’s rejection of the interest shown by News Corp and Ferrari shareholder Exor, after it emerged the other major teams might be interested in adding weight to that consortium. Read the rest of this entry »

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May 12

Powerful backer to join F1 buyout consortium – report

A consortium planning to bid for ownership of formula one has reportedly gained a powerful backer.

News Corp and the Fiat shareholder Exor had already confirmed they are considering making an offer to buy the multi-billion dollar commercial rights from CVC. It was rumoured that others are considering joining the consortium, such as the major F1 teams whose shareholders are preparing to meet with Rupert Murdoch’s News Corp in Stuttgart this weekend. Read the rest of this entry »

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May 07

Ecclestone scoffs at threats to F1 status quo

Bernie Ecclestone scoffed in Turkey when faced with the apparent challenges to the status quo in formula one.

2011-04-16 - Team Lotus - China - Bernie Ecclestone - Tony Fernandes2011-05-07 - Pirelli -Turkey - Pirelli factory - Team principals 2Not only is it suggested News Corp is preparing a bid to buy the commercial rights, a company linked with Ferrari is also part of the consortium and other major teams are also considering entering the fray for ownership of the sport. Read the rest of this entry »

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May 07

Politics on pole before Turkey qualifying

A regular FOTA meeting will take place on Sunday

2011-05-07 - Pirelli -Turkey - Pirelli factory - Team principals 1FOTAMartin Whitmarsh has denied that senior staff belonging to F1’s ‘big four’ teams are set to meet with News Corp officials next week. The formerly secret meeting was reportedly scheduled to take place in Stuttgart involving Ferrari, McLaren, Mercedes and Red Bull, as FOTA chairman Whitmarsh on Friday admitted it is “desirable” for the teams to own the sport’s commercial rights. Read the rest of this entry »

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May 06

Williams eyes ‘Olympic’ F1 sale talks

Sir Frank Williams on Friday said he would pay to be a fly on the wall as negotiations to sell formula one heat up.

Williams F1 logo

News Corporation and the Ferrari-linked Exor company are interested in buying the sport from CVC but Williams predicted the talks will be “Olympic sized” in the coming weeks. Read the rest of this entry »

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