أرشيف وسم ‘ CVC ’

Posted on Wednesday, March 30, 2011

CVC not ruling out sale of F1 stake - report

Mar.30 (GMM) CVC is not ruling out selling its 100 per cent ownership of formula one's commercial rights, according to financial news specialists Reuters.

The report said "several sources" believe the private equity firm is conducting a strategic rev...

Posted on Saturday, March 26, 2011

Engine makers not backing Ecclestone's 2013 opposition

Mar.26 (GMM) At least two of the four engine manufacturers in formula one are not backing Bernie Ecclestone's push to repeal the new rules for 2013.

The FIA has announced a more environmentally-friendly four-cylinder turbo formula, but F1 chief execu...

Posted on Tuesday, March 22, 2011

Lawyer says Ecclestone 'available' for corruption probe

Mar.22 (GMM) Bernie Ecclestone is reportedly "happy" to make himself "available as a witness" as German prosecutors investigate a corruption scandal.

Banker Gerhard Gribkowsky is detained in Munich, accused of receiving $50 million that some German m...

Posted on Thursday, March 17, 2011

Ecclestone to be questioned in bribery probe

Mar.17 (GMM) German prosecutors are likely to seek an interview with Bernie Ecclestone as they investigate F1's 2006 takeover.

It is the latest development following the jailing in Munich of banker Gerhard Gribkowsky surrounding his mysterious receip...

Posted on Tuesday, March 8, 2011

CVC sounds out businessman for top F1 role

Mar.8 (GMM) F1's owner CVC is reportedly in talks with a well-known businessman for a role at the top of the sport's management.

Sky News revealed last month that, due to the Gerhard Gribkowsky corruption affair, CVC and the F1 holding company Delta ...

Posted on Wednesday, February 16, 2011

F1 owner CVC launches Gribkowsky bribe investigation

Feb.16 (GMM) F1's owner has launched an investigation into the takeover of the sport five years ago.

The news comes after banker Gerhard Gribkoswky was jailed on charges surrounding his receipt of $50 million, with mainly German publications claiming...