F1 Fansite

F1 News

Ecclestone: F1 teams in talks to buy into F1

Posted on by
Christian Horner & Bernie Ecclestone
Christian Horner & Bernie Ecclestone
Ecclestone: F1 teams in talks to buy into F1

Bernie Ecclestone and Fernando Alonso

Bernie Ecclestone on Wednesday revealed that a group of teams is considering buying into formula one.

It was rumoured in Bahrain that the F1 chief executive, who owns just 5 per cent of the sport, was putting the group of teams together in a possible move to buy out the majority shareholder CVC.

Ecclestone is facing trial in Germany later this month on bribery charges, and if convicted CVC has committed to standing him down.

It is rumoured that fronting the prospective team shareholders could be a way for him to remain in control no matter the outcome in Munich.

The 83-year-old told the Bloomberg news agency on Wednesday that a group of teams is indeed “having a conversation” about buying into F1.

He would not identify the teams, and insisted he is not part of the talks.

“We’ll see what the group comes up with,” said Ecclestone. “Maybe they will get enough together to buy shares.”

He added that the talks for now are “just a conversation” and “may not go anywhere”.

Also rumoured in Bahrain was that Ferrari and Red Bull are the major players in the consortium, having joined with Ecclestone in being highly critical of the new 2014 rules in a bid to devalue the sport ahead of a takeover bid.

When asked by the British broadcaster Sky in Bahrain if devaluing F1 was his plan, Ecclestone answered “Not really”.

Book discounted tickets and reservate your hotelroom in on our F1 Tickets Shop.

Please share this article & subscribe to our FREE weekly F1 Newsletter

PinIt

Latest F1 News posts:

See older posts in our F1 News Archive »

Stay in touch with F1-Fansite!

Like us on Facebook
Follow us on Twitter
+1 on Google+
Subcribe YouTube Channel

Early Booking Discounts on F1 Tickets

Buy F1 tickets cheaper at F1-Fansite.com '14 & '15 Formula 1 Season Early Booking Discounts are:
F1 Grand Prix
Discount

Book F1 Tickets British F1 GP British '15 Available Book Now
Book F1 Tickets Singapore F1 GP Singapore 15 -15%
Book Now
Book F1 Tickets Spanish F1 GP Spain 2015 -20%
Book Now
Book F1 Tickets Monaco F1 GP Monaco '15 Available
Book Now
Book F1 Tickets Canadian F1 GP Canada '15 Available Book Now
Book F1 Tickets Austria F1 GP Austria '15 Available Book Now
Book F1 Tickets Austria F1 GP Hungary '15' -25% Book Now
Book F1 Tickets Belgium F1 GP Belgium '15 -25% Book Now
Buy F1 MerchandiseBuy F1 Merchandise of your favourite driver or team.