CVC Capital puts F1 float on hold until 2014
- Published on 01 Nov 2012 09:49
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- By: Rob Veenstra
Sylt said the reasons for the delay are market turmoil but also F1 chief executive Bernie Ecclestone's legal troubles surrounding the Gerhard Gribkowsky corruption affair. "It is hard to tell depending on what happens with the markets but I think 12 to 18 months is probably a realistic time-frame," he quoted a CVC source as saying. The source added that he hopes the Ecclestone issue "would have resolved itself" by then. (GMM)
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