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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 - 2021

Date
Grand Prix
Circuit
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Bahrain
26 - Mar 28
Bahrain
Bahrain International Circuit
16 - Apr 18
Italy
Autodromo Enzo e Dino Ferrari
30 - May 2
Portugal
Autódromo Internacional do Algarve
7 - May 9
Spain
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Monaco
Monte Carlo
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France
Paul Ricard
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2 - Jul 4
Austria
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16 - Jul 18
United Kingdom
Silverstone
30 - Aug 1
Hungary
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27 - Aug 29
Belgium
Spa-Francorchamps
3 - Sep 5
Netherlands
Circuit Zandvoort
10 - Sep 12
Italy
Monza
24 - Sep 26
Russian
Sochi Autodrom
1 - Oct 3
Singapore
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8 - Oct 10
Japan
Circuit Suzuka
22 - Oct 24
United States of America
Circuit of the Americas
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Mexico
Autodromo Hermanos Rodriguez
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Brazil
Interlagos
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Australia
Albert Park
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Saudi Arabia
Jeddah Street Circuit
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United Arab Emirates
Yas Marina Circuit
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
-
Bahrain Bahrain International Circuit
26 - Mar 28
Bahrain Bahrain International Circuit
16 - Apr 18
Italy Autodromo Enzo e Dino Ferrari
30 - May 2
Portugal Autódromo Internacional do Algarve
7 - May 9
Spain Circuit de Catalunya
20 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
18 - Jun 20
France Paul Ricard
25 - Jun 27
Austria Red Bull Ring
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
Belgium Spa-Francorchamps
3 - Sep 5
Netherlands Circuit Zandvoort
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Italy Monza
24 - Sep 26
Russian Sochi Autodrom
1 - Oct 3
Singapore Marina Bay Street Circuit
8 - Oct 10
Japan Circuit Suzuka
22 - Oct 24
United States of America Circuit of the Americas
29 - Oct 31
Mexico Autodromo Hermanos Rodriguez
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Brazil Interlagos
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Australia Albert Park
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