Thursday, May 5, 2011

F1: Ecclestone does not sell, at least for now

The negotiations take control of Formula 1 is only the beginning of a long preliminary stage and yet the parts are studied and woo to the sound of statements with the intent to pursue the matter when the time is ripe. In fact, Ecclestone is to capitalize as much as possible from its goose that lays the golden eggs and Murdoch will not make the mistake some time ago, when the deal fell through after an offer deemed inconvenient by the counterparty.

For this reason, CVC Capital Partners, led by Ecclestone, has released a statement from the firm but conciliatory tone confirming that it was recently approached by the consortium Exor-News Corporation. "James Murdoch, chief executive of News Corp, has informed us that the approach is friendly, a very preliminary step, recognizing that F1 is privately owned and the CVC is not for the time being for sale.

Cvc recognizes the quality of Exor and News Corporation as potential investors, but any investment in Formula 1 will require an agreement with CVC and should prove to be in the interest of sport. " Meanwhile, the team was taken on this most prestigious circus that, in connection with the matter, issued a statement from its website some of which we report.

"They were so many requests from the media to know the opinion of Ferrari on this news. We can not help but repeat what has already been said many times before: Ferrari confirms the necessity of securing the Formula 1 stable and long-term development. "In short, the play of the game has started and the Ferrari in an apparently disinterested takes the trotter, indirectly giving his blessing to the consortium that will ensure a bright future in F1.

It could not be otherwise since the Exor is owned by the Agnelli family, Fiat, and then that has strong ties with Ferrari ...

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