Tag Archive: News Corp

Feb 04

US media companies eye major F1 stake

Bernie Ecclestone said he was not specifically aware of the Malone bid

2012-11-15_0006 US media companies Liberty and Discovery have moved to buy a major stake in formula one from CVC, according to reports. Read the rest of this entry »

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Nov 21

Ecclestone eyes Asia floatation for F1 rights

 “If I wanted to dispose of the company today I would float it in Singapore or Hong Kong.”

2011-07-30 - HRT F1 Team - Hungary - Bernie Ecclestone 01Jean Todt - Bernie EcclestoneBernie Ecclestone has revealed that public floatation might be more likely than a sale in the event current owners CVC want to offload formula one’s commercial rights.

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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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Jul 15

Whitmarsh tips News Corp to survive scandal

Martin Whitmarsh on Friday tipped News Corporation to survive its current turmoil.

2011-07-09 - Vodafone McLaren Mercedes - Britain - Martin Whitmarsh 01News Corporation 2011-05-03As the phone hacking scandal worsened, media magnate Rupert Murdoch pulled the plug on News’ UK tabloid News of the World and then dropped plans to buy the rest of BskyB. And the implications continue to unfold, with News International chief executive Rebekah Brooks resigning and the billionaire Murdoch facing official investigations in the UK and potentially also the US and Australia.

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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 16

Marko plays down Montezemolo’s breakaway talk

“In my opinion, the situation is nowhere near as bad as it looks” – Marko

2011-04-16 - Red Bull Racing - China - Dr Helmut Marko2011-01-29 - Scuderia Ferrari Marlboro 0017Helmut Marko has played down Ferrari president Luca di Montezemolo’s threat that formula one could be headed for a split from owners CVC. Montezemolo told CNN last week that at the end of 2012 and the current Concorde Agreement CVC “doesn’t own anything” and therefore creating a different world championship is a real option for the teams. 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 09

Mosley confirms opposition to News Corp interest

FIA president Jean Todt confirmed on Sunday that the governing body has the right to veto a sale.

Max MosleyMax Mosley3Bernie Ecclestone reverted to his typical humour and image of invincibility when asked in Turkey if he fears formula one slipping from his grasp. Asked by Bild am Sonntag if he is worried he may soon have to relinquish his role as the most powerful figure in the paddock, he answered simply: “Yes.” 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

Teams want to own F1 says FOTA chairman Whitmarsh

“Ultimately it is desirable to have team ownership of the rights”

FOTAF1 teams are interested in owning the sport they compete in, FOTA chairman Martin Whitmarsh announced in Turkey on Friday. Read the rest of this entry »

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May 06

Paddock ‘nervous’ as F1 politics returns – Boullier

The buying price of EUR 8 billion could stir CVC’s interest in agreeing to sell.

After a prolonged period of relative peace and unity, the spectre of power politics is returning to the formula one paddock. It emerges that the media reports about ‘big four’ Ferrari, McLaren, Red Bull and Mercedes planning a Stuttgart meeting next weekend surprised some other major teams, including Renault. Read the rest of this entry »

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May 04

Ferrari-linked company confirms F1 takeover interest

CVC responded by insisting the potential takeover consortium knows F1 is “not currently for sale”.

News Corporation 2011-05-03FiatF1’s owner CVC Capital Partners has confirmed that Rupert Murdoch’s News Corporation and the Ferrari-linked Exor company have made a “friendly” approach. News Corp and Exor SpA, controlled by the Agnelli family and with a significant shareholding in Ferrari parent Fiat, confirmed jointly on Tuesday that they are “formulating a long-term plan for the development of formula one”. Read the rest of this entry »

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Apr 20

Ecclestone says Murdoch/Slim takeover reports ‘rubbish’ (updated)

Ecclestone steps up denial of F1 sale reports
“The sport is not for sale.” – Ecclestone

Bernie Ecclestone - Tom Bower (2)Flagworld - F1Bernie Ecclestone has played down widespread reports that media magnate Rupert Murdoch as well as Carlos Slim, the Sauber backer and richest man in the world, could be preparing a bid to take over formula one.

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