Photo: Coys/Newspress UK
Formula 1’s biggest shareholder, CVC, is reportedly selling its 35.5 percent, which would bring new leadership to the sport. However, a recent report claims that Bernie Ecclestone, the Chief Executive of Formula 1 Group, might keep his chair.
The news comes as a slight surprise to some, as one would expect Mr. Ecclestone to leave the helm for a new leader. Instead, reports from unspecified sources claim that the head honcho of the World’s most expensive branch of motorsport will remain in the lead even after the takeover. All parties reportedly involved in the deal have declined to comment on the matter.
The report comes from Automotive News, and the publication has also inquired about Ecclestone’s potential departure with multiple personalities involved in the sport. Among those that have confirmed Bernie’s presence at the next race, which will be held in Singapore, is triple world champion Niki Lauda.
The Austrian driver confirmed that Ecclestone would be at the Singapore Formula 1 race, but declined to speculate on what will happen if the biggest shareholder will sell its stake to a third party.
The move is seen as positive by some, which include Mercedes-Benz Motorsport Director Toto Wolf, who stated that the potential investor is “good news for Formula One.”
Like others that were asked about the matter, Wolf, refused to provide his view on the topic. The possible departure of Mr. Ecclestone from the most prestigious branch of motorsport was announced by some as imminent, since the reported deal had already received a part of the claimed $8.5 billion deal.
At the moment, the sale of Formula 1 is still unconfirmed by all official partners related to the matter. Liberty Media, the American corporation that is expected to buy CVC’s controlling stake in Formula 1, is seen as a gasp of fresh air for the sport.
The American group could bring a new way to monetize Formula 1, which some have complained that has difficulties in obtaining an adequate revenue from the digital environment.
Christian Horner, the team principal of Red Bull, said that he hopes that the Monza GP was not Bernie’s last race in Formula 1 as the head of the sport, but he sees the potential deal as “really exciting.”
In spite of the potentially positive view, Horner thinks that Ecclestone should stick around when the new investors come, so that he could guide them around the sport.
The report comes from Automotive News, and the publication has also inquired about Ecclestone’s potential departure with multiple personalities involved in the sport. Among those that have confirmed Bernie’s presence at the next race, which will be held in Singapore, is triple world champion Niki Lauda.
The Austrian driver confirmed that Ecclestone would be at the Singapore Formula 1 race, but declined to speculate on what will happen if the biggest shareholder will sell its stake to a third party.
The move is seen as positive by some, which include Mercedes-Benz Motorsport Director Toto Wolf, who stated that the potential investor is “good news for Formula One.”
Like others that were asked about the matter, Wolf, refused to provide his view on the topic. The possible departure of Mr. Ecclestone from the most prestigious branch of motorsport was announced by some as imminent, since the reported deal had already received a part of the claimed $8.5 billion deal.
At the moment, the sale of Formula 1 is still unconfirmed by all official partners related to the matter. Liberty Media, the American corporation that is expected to buy CVC’s controlling stake in Formula 1, is seen as a gasp of fresh air for the sport.
The American group could bring a new way to monetize Formula 1, which some have complained that has difficulties in obtaining an adequate revenue from the digital environment.
Christian Horner, the team principal of Red Bull, said that he hopes that the Monza GP was not Bernie’s last race in Formula 1 as the head of the sport, but he sees the potential deal as “really exciting.”
In spite of the potentially positive view, Horner thinks that Ecclestone should stick around when the new investors come, so that he could guide them around the sport.
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