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Posted on Monday, May 2, 2011

Ecclestone says no takeover talks with Ferrari

May 2 (GMM) Bernie Ecclestone has denied speaking with officials of the Fiat/Ferrari group about a potential takeover of formula one.

Amid the reports of News Corporation and Carlos Slim's interest in buying the commercial rights from CVC, it was spe...

Posted on Sunday, May 1, 2011

EC would block Murdoch takeover - Ecclestone

May 1 (GMM) Bernie Ecclestone on Sunday said the European Commission would stand in the way of a sale of F1's commercial rights to media mogul Rupert Murdoch.

The F1 chief executive was already lukewarm amid the reports of News Corporation's interest...

Posted on Tuesday, April 26, 2011

Ecclestone issues quit threat amid F1 takeover reports

Apr.26 (GMM) Bernie Ecclestone's latest comments have been interpreted as a threat to quit in the event Rupert Murdoch takes over formula one.

The F1 chief executive initially dismissed the rumours of a takeover by Murdoch's News Corporation and Carl...

Posted on Tuesday, April 26, 2011

Ecclestone alleges extortion in bribery saga - report

Apr.26 (GMM) Bernie Ecclestone is reportedly no longer denying he paid millions to jailed German banker Gerhard Gribkowsky.

The German weekly newsmagazine Focus claims the F1 chief executive, accused by Munich prosecutors of aiding and abetting a bre...

Posted on Wednesday, April 20, 2011

Ecclestone steps up denial of F1 sale reports

Apr.20 (GMM) Bernie Ecclestone has stepped up his denial that Rupert Murdoch's News Corporation is heading a potential push to buy formula one.

Earlier, the F1 chief executive dismissed the rumours as "rubbish", despite widespread reports of Murdoch ...

Posted on Wednesday, April 20, 2011

Ecclestone says Murdoch/Slim takeover reports 'rubbish'

Apr.20 (GMM) Bernie 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.

The initial report was carr...

Posted on Monday, April 18, 2011

CVC chief to be questioned in bribery probe - report

Apr.18 (GMM) Munich prosecutors are preparing to delve deeper into formula one's top management as the $50 million bribery affair is investigated.

F1 chief executive Bernie Ecclestone travelled to Munich earlier this month to be questioned and he ski...

Posted on Sunday, April 17, 2011

Report - Bribe to keep Ecclestone in top F1 job

Apr.17 (GMM) Munich prosecutors may suspect Bernie Ecclestone got involved in the Gribkowsky corruption affair in order to safeguard his top job in F1, according to a newspaper report.

Having apparently skipped the Chinese grand prix, the F1 chief ex...

Posted on Saturday, April 16, 2011

Ecclestone confirms corruption talks in Munich

Apr.16 (GMM) Bernie Ecclestone has confirmed he has spoken with Munich prosecutors about the Gerhard Gribkowsky corruption affair.

F1's chief executive acknowledged there has been suspicion about his involvement in the mysterious $50 million payment ...

Posted on Saturday, April 9, 2011

CVC not looking to sell F1 yet - Ecclestone

Apr.9 (GMM) Bernie Ecclestone has played down rumours F1's owner CVC is looking to sell its 100 per cent ownership of the sport.

Several sources told the Reuters news agency recently that a strategic review is underway by CVC for a potential "sale, I...

Posted on Thursday, April 7, 2011

Teams want 75 per cent of F1's revenue - reports

Apr.7 (GMM) F1 teams will reportedly demand more money than ever when the next Concorde Agreement is negotiated.

It emerged this week that the teams last year shared $658 million of the sport's commercial revenue, a 21 per cent increase over 2009.

T...

Posted on Wednesday, April 6, 2011

Ecclestone, teams paid more by F1 - report

Apr.6 (GMM) F1's financial loss widened in 2010 but Bernie Ecclestone took a pay-rise, documents filed in London's Companies House reveal.

The Bloomberg business news agency said the loss incurred by F1 owner CVC grew to $660 million, while the teams...