One of F1's owners has admitted buying into the sport was "a mistake". In 2012, Norway's central bank Norges bought a 21 per cent share in formula one along with two other investors, asset managers Waddell and Reed, and Blackrock.
But within Norway, the deal was heavily criticised, and that criticism is now reaching boiling point amid F1 chief executive Bernie Ecclestone's legal troubles. "We have clearly indicated that we have a zero tolerance to corruption," the Norwegian sovereign oil fund director Yngve Slyngstad told business daily Dagens Naeringsliv this week. "Yes, we have made a mistake," he admitted.
Ecclestone will be tried on bribery and corruption charges in a German criminal court next month, and according to F1 business journalist Christian Sylt, the latest twist is that Ecclestone's former lawyer Stephen Mullens has also been charged. Norges' Slyngstad added: "Obviously if this affair is not handled properly we would not want to be a shareholder. In that case we would not hold on to our shares." (GMM)
F1 co-owner says buying into the sport was 'a mistake'
- Published on 12 Mar 2014 09:28
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- By: Rob Veenstra
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Circuit de Catalunya - Winter testing
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Jan 26
I. Hadjar
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Jan 27
M. Verstappen
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Jan 28
A. Antonelli
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Jan 29
G. Russell
- 1:16.445
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Jan 30
L. Hamilton
- 1:16.348
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Bahrain International Circuit - Winter testing
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Feb 11
L. Norris
- 1:34.669
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Feb 12
C. Leclerc
- 1:34.273
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Feb 13
A. Antonelli
- 1:33.669
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Bahrain International Circuit - Winter testing
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Feb 18
G. Russell
- 1:33.459
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Feb 19
A. Antonelli
- 1:32.803
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Feb 20
C. Leclerc
- 1:31.992
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Formula 1 Calendar - 2026
Date
Grand Prix
Circuit
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Spain
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Bahrain
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Bahrain
Formula 1 Calendar - 2026
Date
Grand Prix & Circuit
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Spain
Circuit de Catalunya
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Bahrain
Bahrain International Circuit
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Bahrain
Bahrain International Circuit
6 - Mar 8
Australia
Albert Park
13 - Mar 15
27 - Mar 29
Japan
Circuit Suzuka
10 - Apr 12
Bahrain
Bahrain International Circuit
17 - Apr 19
Saudi Arabia
Jeddah Street Circuit
1 - May 3
United States of America
Miami International Autodrome
22 - May 24
Canada
Gilles Villeneuve
5 - Jun 7
Monaco
Monte Carlo
12 - Jun 14
Spain
Circuit de Catalunya
26 - Jun 28
Austria
Red Bull Ring
3 - Jul 5
United Kingdom
Silverstone
17 - Jul 19
Belgium
Spa-Francorchamps
24 - Jul 26
Hungary
Hungaroring
21 - Aug 23
Netherlands
Circuit Zandvoort
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