Ecclestone Admits Interest In Buying Back F1


Bernie Ecclestone has admitted he is interested in buying back Formula One.

Bernie Ecclestone
Bernie Ecclestone

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The F1 chief executive currently works for the sport's majority owner CVC, whilst retaining a small percentage of the commercial rights for himself.

It has been reported recently that Rupert Murdoch's News Corporation in collaboration with the Fiat-linked Exor company is interested in buying F1, as are the grandee teams.

Asked if he is interested as well, Ecclestone told the International Herald Tribune: "Yes, absolutely.

"I wouldn't buy at the price that I think CVC would sell it. But I would certainly buy at the price that they (News/Exor) want to pay."

Ecclestone, 80, was quoted recently as saying he thinks Formula One is worth between $6 and 7 billion.

He reacted: "I have never quoted anything. It may have been written, but I haven't quoted. A gentleman never speaks about money and last night."

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About this article
Series Formula 1
Drivers Bernie Ecclestone
Tags cvc, ecclestone