أرشيف وسم ‘ CVC ’

Posted on Wednesday, July 6, 2011

Ecclestone facing corruption charge on Wednesday

Jul.6 (GMM) The Gribkowsky corruption affair is expected to return to the F1 headlines on Wednesday.

F1 chief executive Bernie Ecclestone was questioned by Munich prosecutors in April on suspicion of being involved in the mysterious $50 million payme...

Posted on Sunday, June 26, 2011

Grand prix hosts threatened F1 boycott - report

Jun.26 (GMM) Grand prix organisers around the world threatened to pull the plug if formula one pushed ahead with small 'green' engines.

Every formula one race promoter except China and Korea signed a letter by Australian organiser Ron Walker saying t...

Posted on Thursday, May 26, 2011

Rumour - Ecclestone plots to buy back F1

May 26 (GMM) Bernie Ecclestone could be plotting his next move to retain control of his formula one circus.

The 80-year-old, who has bought and sold the commercial rights several times since revolutionising the sport decades ago, is rumoured to be co...

Posted on Thursday, May 19, 2011

Ecclestone scoffs at 'emotional' Montezemolo

May 19 (GMM) Bernie Ecclestone has scoffed at Ferrari's latest 'breakaway' threat.

Some days ago the famous Italian marque's president Luca di Montezemolo warned that Ferrari and the other teams could walk away from the sport's current owners CVC at ...

Posted on Monday, May 16, 2011

Marko plays down Montezemolo's breakaway talk

May 16 (GMM) Helmut 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 "does...

Posted on Thursday, May 12, 2011

Powerful backer to join F1 buyout consortium - report

May 12 (GMM) 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 commerc...

Posted on Monday, May 9, 2011

Mosley confirms opposition to News Corp interest

May 9 (GMM) Bernie 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 mos...

Posted on Sunday, May 8, 2011

F1 teams want changes before signing up for 2013

May 8 (GMM) Stefano Domenicali has laid out the stall as formula one teams prepare to get tough in negotiations about the sport's future.

Politics have returned to the F1 paddock in the form of a powerful consortium expressing interest in buying F1's...

Posted on Friday, May 6, 2011

Williams eyes 'Olympic' F1 sale talks

May 6 (GMM) Sir Frank Williams on Friday said he would pay to be a fly on the wall as negotiations to sell formula one heat up.

News Corporation and the Ferrari-linked Exor company are interested in buying the sport from CVC but Williams predicted th...

Posted on Friday, May 6, 2011

Paddock 'nervous' as F1 politics returns - Boullier

May 6 (GMM) 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 m...

Posted on Thursday, May 5, 2011

Lauda thinks Renault missing Kubica

May 5 (GMM) The loss of Robert Kubica has hurt Renault's ambitions for 2011, according to the always-blunt Niki Lauda.

With Kubica recovering from horror injuries in a pre-season rally crash, Renault turned to the German veteran Nick Heidfeld to beco...

Posted on Wednesday, May 4, 2011

Ferrari-linked company confirms F1 takeover interest

May 4 (GMM) F1'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 shar...