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F1 teams involved in bids to buy into the sport

F1 teams involved in bids to buy into the sport

  • Published on 03 Jul 2014 11:26
  • comments 0
  • By: Rob Veenstra
Formula one teams may not just be competing for trophies and sponsors, according to a report by Germany's Auto Motor und Sport. Speculation that F1's largest shareholder, CVC, might be looking to sell its commercial rights holding are ever-present in the paddock.

The latest rumours are that four separate groups are currently interested, after "a fifth in the Middle East has dropped out", correspondent Michael Schmidt reports. "One of the interested parties," he wrote, "is a consortium led by Red Bull. This is in competition with Canadian businessman Lawrence Stroll, of Tommy Hilfiger, who apparently has Ferrari on board."

Last month, Ecclestone played down that latest talk, telling F1 business journalist Christian Sylt: "Everybody talks. A deal has definitely not been done," he insisted to Forbes. But the rumours have not stopped.

US cable billionaire John Malone has also been linked with F1, and according to Schmidt he is "perhaps the most likely candidate" due to the "marketing opportunities". "Number four in the game," said Schmidt, "is a group that apparently includes Lotus owner Gerard Lopez." (GMM)
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Spain
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17 - Jul 19
Hungary
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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
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Portugal Autódromo Internacional do Algarve
31 - Nov 1
Italy Autodromo Enzo e Dino Ferrari
13 - Nov 15
Turkey Istanbul Park
27 - Nov 29
Bahrain Bahrain International Circuit
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Bahrain Bahrain International Circuit Outer Track layout
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United Arab Emirates Yas Marina Circuit
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