F1

Whitmarsh confirms teams eyeing Formual One stake

Global Motorsport Media

Martin Whitmarsh has confirmed a move by Formula One teams to buy a stake in Formula One.

F1 teams want stake in commercial rights
F1 teams want stake in commercial rights

Photo by: xpb.cc

According to The Independent newspaper, the McLaren and FOTA chief confirmed that DC Advisory Partners has been appointed by the teams association ahead of the forthcoming negotiations for the next Concorde Agreement.

F1's commercial rights are currently owned by private equity company CVC, and reports earlier this year suggested Rupert Murdoch's News Corp and the Ferrari-linked Exor were considering a bid.

"At the end of the day, Formula One is owned by venture capitalists (CVC) and one would suspect that they can't hold the sport in their funds ad infinitum," said Whitmarsh.

Write a comment
Show comments
About this article
Series F1
Tags cvc, fota, whitmarsh

User photos

EuroRacer
F1

EuroRacer

21 photos
SurdinP
F1

SurdinP

1 photos
max
F1

max

29 photos
ADLITIKA
F1

ADLITIKA

213 photos
Kevin_Bennett_Photo
F1

Kevin_Bennett_Photo

139 photos
PiBiPhoto
F1

PiBiPhoto

47 photos
koutnas
F1

koutnas

16 photos
Evan_DeCiren
F1

Evan_DeCiren

24 photos
Upload photo