News On F1 - Formula 1 News, Results, Information and Statistics

F1 News  F1 Schedule  F1 Line-up  Teams  Drivers  F1 Tickets  F1 Coverage
 

F1 News - Murdoch's F1 takeover bid 'still alive' - report - November, 2011

Nov.9 (GMM) Rupert 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.

But Bloomberg cites a "person familiar with the situation" as reporting that the bid to buy the sport's commercial rights from CVC was "very much alive" just weeks ago.

And the source said Murdoch's son James, and Exor's John Elkann, are still "actively courting" the F1 team bosses "and working on a 5 to 10-year business plan" for the sport.

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

But their apparent renewed interest in F1 could be linked to the beleaguered chief executive Bernie Ecclestone, who on Wednesday will appear in Munich as a witness in Gerhard Gribkowsky's corruption trial.

He said whether CVC wants to sell or not is none of his business.

"He (CVC's Donald Mackenzie) is the guy who will turn the lights on and off," said Ecclestone. "I have very few shares, so it's nothing to do with me."

His best card to play could be his impressive record at the sport's helm.

"I could just walk out," he warned.

As well as the Gribkowsky affair and a possible UK investigation, the rumblings about F1's future also coincide with the expiring and all-important Concorde Agreement, with the teams pressing hard for more income.

"Let's be clear: we're poorly paid," said Force India's Vijay Mallya.

Ecclestone, however, ridicules the teams' alliance FOTA, saying: "I don't know where they meet -- probably Starbucks or somewhere. These are nice coffee chats."

Max Mosley, who controlled F1 hand-in-hand with Ecclestone for decades, tips his old friend to win the day on all counts.

"If he went into a revolving door behind you," the former FIA president said, "he would come out in front."

Latest F1 News - Mobile version
26 Feb: New Ferrari not quickest in field - Domenicali
26 Feb: Red Bull still best in 2013 - Tost
26 Feb: 2014 French grand prix 'possible' - Prost
26 Feb: Danica Patrick 'not interested' in F1 switch
26 Feb: Report - Gilles Simon working on F1 engine for Honda
26 Feb: Gutierrez plays down link to Carlos Slim
26 Feb: Caterham exhaust 'legal' insists van der Garde
26 Feb: McLaren replaces Mercedes-bound Lowe
25 Feb: 'Engine maps' trouble for Red Bull, Lotus - report
25 Feb: Mercedes-bound Lowe to miss 2013 opener - report
25 Feb: Mercedes 'in group of teams' behind Red Bull - Lauda
25 Feb: Gutierrez expects Hulkenberg to beat him early in 2013
25 Feb: New Ferrari 'much better' than 2012 - Massa
25 Feb: Teams 'will adapt' to new tyre situation - Gutierrez
25 Feb: Tight rules make today's F1 cars 'the same' - Forghieri
25 Feb: Williams removes controversial exhaust trick
25 Feb: Contract 'conflicts' cause of Marussia test snub - Razia
25 Feb: Lotus to fight Red Bull for title - Gutierrez
25 Feb: Marussia 'ahead of Caterham' - Chilton
25 Feb: Sutil will not stay in F1 as test driver

The latest F1 News - Mobile Version

F1 News  F1 Schedule  F1 Line-up  Constructors' Championship  Drivers' Championship  F1 Tickets  Live F1 Coverage

Full Version: Formula 1 News  Formula 1 Schedule  Formula 1 Line-up  Constructors' Championship  Drivers' Championship  Live F1 Coverage  10 'n' Pole  F1 Regulations  The Forums  Motorsport Shop  F1 Merchandise  F1 Tickets  F1 Diecast  F1 Videos  F1 Games

Back To Top