Bernie Ecclestone has played down suggestions he is set to buy back formula one.
F1 business journalist Christian Sylt claims the sport's biggest shareholder, CVC, is already committed to selling its stake by next July.
"The last thing Donald (Mackenzie) wants to do is to get out," Ecclestone told the Sunday Telegraph, "but I think the way their company is structured eventually they have to move on."
Sylt reports that CVC's memorandum dictates a ten-year term, with three one-year extensions but only if the majority of its investors agree.
Indeed, rumours of CVC's talks with potential buyers abound in the paddock.
One of them could be Ecclestone, even though he plays down suggestions he is looking to up his 5.3 per cent stake.
"I'm not saying it won't ever happen," said the billionaire F1 supremo, "but there's no point in me doing it at the moment." (GMM)
Ecclestone to not buy-back Formula 1
- Published on 20 Jul 2014 16:29
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- By: Tom Brooks
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G. Russell
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L. Hamilton
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C. Leclerc
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A. Antonelli
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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
4 - Sep 6
Italy
Monza
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