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FIA to get 1 per cent stake in F1 floatation

FIA to get 1 per cent stake in F1 floatation

  • Published on 12 Nov 2013 12:48
  • comments 0
  • By: Rob Veenstra
The FIA is set to take a 1 per cent ownership stake in formula one. Writing in the Guardian, leading F1 business journalist Christian Sylt said the move will be part of the sport's forthcoming stock market floatation.

It is the result of a deal between F1 chief executive Bernie Ecclestone and FIA president Jean Todt for the signing of the new Concorde Agreement. "The FIA gets 1pc if F1 floats but the teams don't have shares," Ecclestone said.

F1 owner CVC's $12 billion valuation of F1 means the FIA's stake is worth $120 million. But for the moment, the proposed float is on the back burner, while Ecclestone is caught up in the Gerhard Gribkowsky corruption affair. (GMM)
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Formula 1 Calendar - 2020

Date
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Circuit
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Spain
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Spain
3 - Jul 5
Austria
Red Bull Ring
10 - Jul 12
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Hungary
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31 - Aug 2
United Kingdom
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Spain
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Portugal
Autódromo Internacional do Algarve
31 - Nov 1
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Formula 1 Calendar - 2020

Date
Grand Prix & Circuit
-
Spain Circuit de Catalunya
-
Spain Circuit de Catalunya
3 - Jul 5
Austria Red Bull Ring
10 - Jul 12
Austria Red Bull Ring
17 - Jul 19
Hungary Hungaroring
31 - Aug 2
United Kingdom Silverstone
7 - Aug 9
United Kingdom Silverstone
14 - Aug 16
Spain Circuit de Catalunya
28 - Aug 30
Belgium Spa-Francorchamps
4 - Sep 6
Italy Monza
11 - Sep 13
Italy Mugello
25 - Sep 27
Russian Sochi Autodrom
9 - Oct 11
Germany Nurburgring
23 - Oct 25
Portugal Autódromo Internacional do Algarve
31 - Nov 1
Italy Autodromo Enzo e Dino Ferrari
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