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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.

"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
Bahrain
Bahrain International Circuit
16 - Apr 18
Italy
Autodromo Enzo e Dino Ferrari
30 - May 2
Portugal
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Spain
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21 - May 23
Monaco
Monte Carlo
4 - Jun 6
Azerbaijan
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Canada
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25 - Jun 27
France
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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
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
5 - Nov 7
Brazil
Interlagos
19 - Nov 21
Australia
Albert Park
3 - Dec 5
Saudi Arabia
Jeddah Street Circuit
10 - Dec 12
United Arab Emirates
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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
21 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
11 - Jun 13
Canada Gilles Villeneuve
25 - Jun 27
France Paul Ricard
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
10 - Sep 12
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
5 - Nov 7
Brazil Interlagos
19 - Nov 21
Australia Albert Park
3 - Dec 5
Saudi Arabia Jeddah Street Circuit
10 - Dec 12
United Arab Emirates Yas Marina Circuit
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