Ecclestone: Sale price of F1 has been agreed

Bernie Ecclestone has revealed that the sale price for Formula 1 has been 'agreed', and that it is now only up to current owners CVC to decide if it wants to sell.

Ecclestone: Sale price of F1 has been agreed
Sebastian Vettel, Ferrari SF16-H leads at the start of the race
Sebastian Vettel, Ferrari SF16-H leads at the start of the race
Bernie Ecclestone
Lewis Hamilton, Mercedes AMG F1 Team W07 at the start of the race

Speculation that CVC, which holds a 35 percent stake in the sport, is poised to finally off-load its share of grand prix racing has been rife for several months.

But despite rumours of interested parties from America or China buying CVC out, there has not yet been any public developments.

But in an interview with The Mail on Sunday, Ecclestone has suggested that talks may well be more advanced than some suspect.

"I think CVC will make a decision on the sale sooner or later," he said.

"There are people who want to buy. Actually, two of the people have agreed the price. It's just a question of whether CVC wants to sell or not."

The fate of CVC's ownership of F1 comes at a particularly interesting time amid intense criticism about the sport's governance processes which has left it unable to change its much-criticised elimination qualifying format for the Bahrain Grand Prix.

Speaking about how things might be different if F1 had new owners, Ecclestone said: "You don't know what's going to happen until somebody buys and you see what they are like. How do you know if you will get on with them?'

No more races

Ecclestone also made it clear that F1's current schedule of 21 races would not be expanding in the future, despite hinting that Las Vegas was a contender.

"We have got 21 races now. It could go more, but I don't think it will," he said.

"It's enough. Some of the guys at the teams are shattered.

"[Vegas] have a contract. Vegas would be super."

shares
comments
Manor will be strong once tyre issues are addressed - Wehrlein
Previous article

Manor will be strong once tyre issues are addressed - Wehrlein

Next article

New chassis for Gutierrez after Alonso crash

New chassis for Gutierrez after Alonso crash
Load comments
The lessons F1 can take from the Masi "souk" deal criticisms Prime

The lessons F1 can take from the Masi "souk" deal criticisms

As Formula 1 heads to its Abu Dhabi season finale, the FIA and race director Michael Masi are under increased scrutiny, with radio messages broadcast during last weekend's race prompting discussion and controversy. But what can they learn from the Saudi Arabia debacle?

The line Verstappen finally crossed in F1's first Jeddah race Prime

The line Verstappen finally crossed in F1's first Jeddah race

OPINION: Max Verstappen has made the 2021 Formula 1 championship. He’s taken the fight to the all-conquering Mercedes squad and its dominant champion, produced driving displays few can match. But he’s been on a controversial course too, and finally crossed a particular line in Jeddah

Why thrilling Jeddah F1 circuit needs to be safer Prime

Why thrilling Jeddah F1 circuit needs to be safer

OPINION: Saudi Arabia's new F1 circuit delivered a memorable first event, although not necessarily for all the right reasons. In the wake of the chaotic race, drivers voiced their concerns about the track but small changes could make significant improvements ahead of a return in four months.

The long-term F1 vision causing Haas’s short-term pain Prime

The long-term F1 vision causing Haas’s short-term pain

From ranking as one of the most impressive new teams to join the Formula 1 grid, Haas’s stock has plummeted along with its on-track performances over the past two seasons. Everything now hangs on whether its reforged alliance with Ferrari can deliver a better car – and whether its rookie drivers can set aside their quarrels. Oleg Karpov asks if any of these goals are achievable…

Saudi Arabian Grand Prix Driver Ratings Prime

Saudi Arabian Grand Prix Driver Ratings

An ill-tempered Saudi Grand Prix made Formula 1 more soap opera than sporting spectacle at times, but there were some strong performances up and down the field on the world championship's first visit to Jeddah

Formula 1
Dec 6, 2021
How the Jeddah F1 race became a one-sitting Netflix drama series Prime

How the Jeddah F1 race became a one-sitting Netflix drama series

The inaugural Saudi Arabian Grand Prix was a race packed full of incident as Formula 1 2021's title contenders repeatedly clashed on track. Lewis Hamilton won out over Max Verstappen to level the scores heading into next weekend's Abu Dhabi finale, as Jeddah turned F1 into a drama series

Formula 1
Dec 6, 2021
The impressive attitude that earned Albon his second F1 chance Prime

The impressive attitude that earned Albon his second F1 chance

Dropped by Red Bull last season, Alexander Albon has fought back into a Formula 1 seat with Williams. ALEX KALINAUCKAS explains what Albon has done to earn the place soon to be vacated by the highly rated George Russell

Formula 1
Dec 5, 2021
The factors that could negate Red Bull's practice gap to Mercedes Prime

The factors that could negate Red Bull's practice gap to Mercedes

Mercedes led the way in practice for Formula 1’s first race in Jeddah, where Red Bull was off the pace on both single-lap and long runs. But, if Max Verstappen can reverse the results on Saturday, factors familiar in motorsport’s main electric single-seater category could be decisive in another close battle with Lewis Hamilton...

Formula 1
Dec 4, 2021