Go Back   DreamTeamDownloads1, FTP Help, Movies, Bollywood, Applications, etc. & Mature Sex Forum, Rapidshare, Filefactory, Freakshare, Rapidgator, Turbobit, & More MULTI Filehosts > World News/Sport/Weather > World SPORTs-BREAKING NEWS

World SPORTs-BREAKING NEWS Read all the BREAKING NEWS Reports/In The World on Sports from Around the World-That Comes Into This Site By Wire

Hallo to All Members. As you can see we regularly Upgrade our Servers, (Sorry for any Downtime during this). We also have added more Forums to help you with many things and for you to enjoy. We now need you to help us to keep this site up and running. This site works at a loss every month and we appeal to you to donate what you can. If you would like to help us, then please just send a message to any Member of Staff for info on how to do this,,,, & Thank You for Being Members of this site.
Post New ThreadReply
LinkBack Thread Tools Display Modes
Old 08-10-15, 18:24   #1
Ladybbird's Avatar
Join Date: Feb 2011
Posts: 35,155
Thanks: 23,729
Thanked 12,740 Times in 8,576 Posts
Ladybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond repute

Awards Showcase
Best Admin Best Admin Gold Medal Gold Medal 
Total Awards: 6

Race Car F1 May Be Sold This Year >3 Interested Buyers

Report: Ecclestone Believes F1 Could be Sold by Year’s End

(Getty Images)

With three potential buyers, Bernie Ecclestone claims the sport could be sold this year.

In an interview with Associated Press, when asked about the prospect of F1 being sold, the sport's supremo admitted: "I think so, maybe this year.

"There are three people mentioned to buy. So it's a case of whether CVC or Mr. Mackenzie wants to sell," he added.

CVC owns a 35% stake in the sport, down on its original 63.4% stake, having sold off slices to investment companies, Waddell & Reed, now the second biggest shareholder, BlackRock and Norges Bank.

CVC bought its stake in 2006 with two loans and in that time has reaped around $4.4bn from the sport.

According to a report in the Guardian in July, this means a return on investment 351.8% and with its remaining 35% stake controls the voting rights of F1's Jersey-based parent company, Delta Topco.

This gives the stake a valuation of up to $8bn and if CVC achieves that price, it will push return on investment to over 1,000%, making it the most profitable deal in the company's 34-year history.

Asked if he is one of the three potential buyers, Ecclestone, who now owns a 5.3% stake in the sport, but has admitted in being interested in buying it back would only say: "We'll see".

One of the potential buyers is likely to be RSE Ventures owner Stephen Ross, who also owns the Miami Dolphins, he, in turn has been working with Qatar Sports Investments, which, among other things, owns French soccer club Paris Saint-Germain.

"There has been a lot of interest," said Ecclestone. "I am surprised if one of them doesn’t buy very shortly."
The 84-year-old stressed he is "very happy with the shareholders at the moment" and has no plans to retire, far from it.

"The people that I've spoken to, the people who are interested in buying the shares, have asked me if I would stay," he said, revealing that his answer was "Yes".

The big question being, of course, why is Ecclestone making this public at this time?

Haven't we heard previous tales of Red Bull looking to buy F1?

Is someone's hand being forced by Bernie's revelation?

And,,,, is it coincidence that CVC might be looking to sell just as the EU looks to investigate the sport?...

Nil Carborundum Illegitemi My Advice is Free My Friendship is Priceless

FREEBIES Continue to be a BURDEN on Our Increasing Server/Privacy Costs. Please DONATE Something to HELP...PM an Admin for Further Info.

& Thanks to Those That Have Taken The Time to Register & Become a Member of ... 1...
Ladybbird is online now  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
Reply With Quote
Post New ThreadReply

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2019, vBulletin Solutions Inc.
SEO by vBSEO 3.5.2
Designed by: vBSkinworks