Vital F1 - F1 takeover talk is rubbish says Bernie
Vital Login
Social Login

Other Sites

Network Navigation

Vital Partners

'If It's F1, It's Vital'

F1 takeover talk is rubbish says Bernie

Rupert Murdoch's News Corporation have reportedly held preliminary talks with potential partners about forming a consortium to buy Formula 1.

News Corporation are believed to have already held preliminary negotiations with Mexican billionaire Carlos Slim (who sponsors the Sauber team) and a major car manufacturer, which has been reported to be Ferrari.

However it appears the consortium are yet to make a formal approach to CVC Capital Partners who own Formula One.

The bid is at 'an embryonic stage'. Mark Kleinman Sky's business editor told Sky News on Tuesday night, while an unnamed source told the Telegraph: 'It is at a very, very early point and could lead to nothing or could lead to many different permutations.

One permutation could be a move for the television rights, with the current BBC deal ending in 2013, another could be a full blown takeover.

But that would seem unlikely considering Bernie's reaction to the news.

'It's rubbish. The sport is not for sale. And, anyway, we would not sell to a media company because it would restrict the ability to negotiate with other broadcasters,"' Formula One supremo Bernie Ecclestone told press when asked about the speculation.

Reports also suggest that for all intents and purposes, The FIA and Bernie Ecclestone basically have veto rights on new owners, so if Bernie says F1 is not for sale, it's pretty much cast in stone that it's not for sale.

'Unless any bidder be it News Corp, its partners or a rival is welcomed by Bernie nothing is happening,' said a Telegraph source.








Join Vital F1

It's easy to join up and join in on VitalF1.com, simply click the link and enjoy getting involved!

If you are already a member of Vital Football, your logins will automatically work on VitalF1.com!

The Journalist

Writer: Red5 Mail feedback, articles or suggestions

Date:Wednesday April 20 2011

Time: 9:00AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Vital F1 Articles

Hamilton calls for better trophies (Thursday July 2 2015)

Blog: Silverstone Preview (Wednesday July 1 2015)

Pirelli to request more F1 tests (Tuesday June 30 2015)

New contract for Horner (Monday June 29 2015)

F1 teams are all talk says Todt (Monday June 29 2015)

Formula 1 v Formula E (Monday June 29 2015)

Positive test for McLaren (Friday June 26 2015)

Mosley praise for Ecclestone (Thursday June 25 2015)

Red Bull to sack Horner? (Wednesday June 24 2015)

Angry Mateschitz (Tuesday June 23 2015)

Blog: Austrian GP Report (Sunday June 21 2015)

2015 Austrian GP - Race (Sunday June 21 2015)

Blog: Red Bull Ring Qualifying (Saturday June 20 2015)

Four drivers hit with penalties (Saturday June 20 2015)

2015 Austrian GP - Qualifying (Saturday June 20 2015)

2015 Austrian GP - FP3 (Saturday June 20 2015)

2015 Austrian GP - FP2 (Friday June 19 2015)

2015 Austrian GP - FP1 (Friday June 19 2015)

Italian Grand Prix to alternate? (Thursday June 18 2015)

Will Michelin return to Formula One? (Thursday June 18 2015)

Blog: Red Bull Ring Preview (Wednesday June 17 2015)

Who will win in Austria? (Tuesday June 16 2015)

Hulkenberg wins Le Mans (Monday June 15 2015)

Head knighted (Monday June 15 2015)

Grosjean apology for Stevens (Wednesday June 10 2015)

Renault quit threat very real (Tuesday June 9 2015)

Blog: Canadian GP Report (Tuesday June 9 2015)

2015 - Canada - Race (Sunday June 7 2015)

Blog: Montreal Qualifying (Sunday June 7 2015)

2015 - Canada - Qualifying (Sunday June 7 2015)

2015 - Canada - FP3 (Sunday June 7 2015)

2015 - Canada - FP2 (Friday June 5 2015)

2015 - Canada - FP1 (Friday June 5 2015)

Verstappen under fire (Friday June 5 2015)

Manor Marussia sign Fabio Leimer (Thursday June 4 2015)

Blog: Montreal Preview (Wednesday June 3 2015)

Manor Marussia make key appointments (Wednesday June 3 2015)

Who will in Canada? (Monday June 1 2015)

Extra homework for Kimi (Friday May 29 2015)

Blog: Monaco GP Report (Monday May 25 2015)

2015 - Monaco GP - Race (Sunday May 24 2015)

Blog: Monaco Qualifying (Sunday May 24 2015)

2015 - Monaco GP - Qualifying (Saturday May 23 2015)

2015 - Monaco GP - FP3 (Saturday May 23 2015)

2015 - Monaco GP - FP2 (Thursday May 21 2015)

2015 - Monaco GP - FP1 (Thursday May 21 2015)

Hamilton at home with Mercedes (Wednesday May 20 2015)

Hamilton targets Monaco victory (Wednesday May 20 2015)

Blog: Monaco Preview (Wednesday May 20 2015)

Alonso targets Monaco points (Tuesday May 19 2015)

Who will win in Monaco? (Monday May 18 2015)

Horner spices up his life (Monday May 18 2015)

Button scared of his McLaren Honda (Thursday May 14 2015)

Blog: Spanish GP Report (Monday May 11 2015)

2015 - Spain GP - Race (Sunday May 10 2015)

Blog: Barcelona Qualifying (Saturday May 9 2015)

2015 - Spain GP - Qualifying (Saturday May 9 2015)

2015 - Spain GP - FP3 (Saturday May 9 2015)

2015 - Spain GP - FP2 (Friday May 8 2015)

2015 - Spain GP - FP1 (Friday May 8 2015)

F1 merry-go-round (Friday May 8 2015)

Mercedes and Ferrari on par (Thursday May 7 2015)

Archived Vital F1 Articles

List All Vital F1 Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. Red5 1055
2. DJ 961
3. The Fear 773
4. Villaininthemerde 612
5. johnkelv 583
6. Druss_the_Legend 539
7. Push The Button 455
8. col8 334
9. The Intimidator 163
10. __villa__ 145

Current Site Poll (view all polls)

Who will win the British GP?
Hamilton 56%
Rosberg 7%
Vettel 0%
Raikkonen 30%
Bottas 0%
Massa 0%
Someone else 7%