user icon

Next F1 owner must have vision for future - Wolff

  • Published on 07 Oct 2015 10:46
  • comments 1
  • By: Rob Veenstra

F1's next owner needs to be fully committed to the sport. That is the view of Mercedes team boss Toto Wolff, after F1 supremo Bernie Ecclestone revealed that CVC is likely to sell its majority stake "shortly".

Among those reportedly interested are the Miami Dolphins' Stephen Ross, Qatar's sports investment arm, Sky and international telcom Liberty, the Canadian billionaire Lawrence Stroll, or even Dietrich Mateschitz, CVC's Donald Mackenzie and F1 supremo Ecclestone himself. "Bernie is always very good for headlines," Wolff declared as the news broke. "And headlines and controversy are part of F1."

As for F1's potential new owner, he was quoted by Brazil's Universo as insisting the sport needs "someone with a vision for the future". Indeed, the CVC era has been controversial, with many accusing the private equity firm of not being well enough engaged with its investment beyond mere revenue-raising.

"CVC has been in charge for a long time," agreed Wolff. "Some investments have had very interesting results for F1. But it was always clear that they would want to sell the business eventually, as it is not their main focus. What is important for us now is that we have an owner who is totally preoccupied with the sport and has a good vision for the future."

Asked if he has a preference among the reported candidates, Wolff said: "Even if I did, I would not say. Let's see what will happen." (GMM)

Replies (1)

Login to reply
  • "an owner who is totally preoccupied with the sport and has a good vision for the future."...where do I sign up? ;)

    • + 0
    • Oct 7 2015 - 12:35

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

Related news

World Championship standings 2021

Show full world champion standings

Test calendar

Bahrain International Circuit - Winter testing

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Team profile

Show full profile

Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
-
Bahrain
26 - Mar 28
Bahrain
16 - Apr 18
Italy
7 - May 9
Spain
20 - May 23
Monaco
4 - Jun 6
Azerbaijan
18 - Jun 20
France
25 - Jun 27
Austria
2 - Jul 4
Austria
16 - Jul 18
United Kingdom
30 - Aug 1
Hungary
27 - Aug 29
Belgium
3 - Sep 5
Netherlands
10 - Sep 12
Italy
24 - Sep 26
Russian
8 - Oct 10
Japan
8 - Oct 10
Turkey
22 - Oct 24
United States of America
5 - Nov 7
Mexico
12 - Nov 14
Brazil
19 - Nov 21
Qatar
3 - Dec 5
Saudi Arabia
10 - Dec 12
United Arab Emirates
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28
16 - Apr 18
7 - May 9
20 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
18 - Jun 20
France Paul Ricard
25 - Jun 27
Austria Red Bull Ring
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
3 - Sep 5
Netherlands Circuit Zandvoort
10 - Sep 12
Italy Monza
24 - Sep 26
Russian Sochi Autodrom
8 - Oct 10
8 - Oct 10
Turkey Istanbul Park
22 - Oct 24
United States of America Circuit of the Americas
5 - Nov 7
12 - Nov 14
Brazil Interlagos
19 - Nov 21
3 - Dec 5
Saudi Arabia Jeddah Street Circuit
10 - Dec 12
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar