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Ecclestone to not buy-back Formula 1

Ecclestone to not buy-back Formula 1

  • Published on 20 Jul 2014 16:29
  • comments 0
  • By: Tom Brooks
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.
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"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)
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Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
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Bahrain
26 - Mar 28 2021
Bahrain
Bahrain International Circuit
16 - Apr 18 2021
Italy
Autodromo Enzo e Dino Ferrari
30 - May 2 2021
Portugal
Autódromo Internacional do Algarve
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Spain
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Monaco
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France
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25 - Jun 27 2021
Austria
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2 - Jul 4 2021
Austria
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16 - Jul 18 2021
United Kingdom
Silverstone
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Hungary
Hungaroring
27 - Aug 29 2021
Belgium
Spa-Francorchamps
3 - Sep 5 2021
Netherlands
Circuit Zandvoort
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24 - Sep 26 2021
Russian
Sochi Autodrom
8 - Oct 10 2021
Japan
Circuit Suzuka
8 - Oct 10 2021
Turkey
Istanbul Park
22 - Oct 24 2021
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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Qatar
Losail International Circuit
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Saudi Arabia
Jeddah Street Circuit
10 - Dec 12 2021
United Arab Emirates
Yas Marina Circuit
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United Arab Emirates
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
-
Bahrain Bahrain International Circuit
26 - Mar 28 2021
Bahrain Bahrain International Circuit
16 - Apr 18 2021
Italy Autodromo Enzo e Dino Ferrari
30 - May 2 2021
Portugal Autódromo Internacional do Algarve
7 - May 9 2021
Spain Circuit de Catalunya
20 - May 23 2021
Monaco Monte Carlo
4 - Jun 6 2021
Azerbaijan Baku City Circuit
18 - Jun 20 2021
France Paul Ricard
25 - Jun 27 2021
Austria Red Bull Ring
2 - Jul 4 2021
Austria Red Bull Ring
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United Kingdom Silverstone
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Hungary Hungaroring
27 - Aug 29 2021
Belgium Spa-Francorchamps
3 - Sep 5 2021
Netherlands Circuit Zandvoort
10 - Sep 12 2021
Italy Monza
24 - Sep 26 2021
Russian Sochi Autodrom
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Japan Circuit Suzuka
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Turkey Istanbul Park
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