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28 Mar 2006, 22:29 (Ref:1563798)
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#1 | ||
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Veteran
Join Date: Apr 2004
Posts: 1,811
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CVC completes purchase of Formula One Group Limited
It appears that CVC has completed its acquisition of Formula One Group Limited from SLEC, with Bambino Holdings retaining an unspecified stake and Bernie Ecclestone remaining as chief executive.
http://www.planetf1.com/News/Story_P...117250,00.html So the biggest sport in the world continues to remain in private hands. |
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__________________
"Brakes are no good. They only make you go slower." - Tazio Nuvolari 
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28 Mar 2006, 22:40 (Ref:1563805)
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#2 | |
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Veteran
Join Date: Oct 2003
Posts: 5,321
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Hms fair enough, not too much difference for now then...
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__________________
2018 Champion Driver - Association of Central Southern Motor Clubs Stage Rally Championship
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28 Mar 2006, 23:49 (Ref:1563848)
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#3 | ||
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Veteran
Join Date: Oct 2002
Posts: 6,760
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It will give more money and power to Bernie.
It has to, otherwise it wouldn't have happened. That is a total assumption, but I suspect true. |
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31 Mar 2006, 20:40 (Ref:1566458)
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#4 | ||
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Veteran
Join Date: Oct 2002
Posts: 6,760
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Another piece of this puzzle. If I have read it correctly, it means a bit of centralisation under Bernie.
CVC/FOA/Alpha/FOG/ASM/APM Web of Complexity |
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