SPEC­U­LA­TION MOUNTS OVER TAKEOVER OF F1

7 Days in Dubai - - SPORT -

Spec­u­la­tion is mount­ing that For­mula One is about to be re­vamped by a US takeover that could bring new life and a higher pro­file for a sport that is strug­gling to at­tract new fans.

Re­ports sug­gest that F1’s largest and con­trol­ling share­holder, the hedge fund CVC Cap­i­tal Part­ners, is pre­par­ing to sell the busi­ness to US me­dia con­glom­er­ate Lib­erty Me­dia for around $8.5 bil­lion; more than four times CVC's orig­i­nal out­lay in 2006.

At last week­end’s Ital­ian GP, F1 com­mer­cial boss Bernie Ec­cle­stone met with CVC co-chair­man Don­ald Macken­zie, whose rare ap­pear­ance in the pad­dock fu­elled spec­u­la­tion of an im­mi­nent deal. When speak­ing at Monza, how­ever, the 85-year-old Ec­cle­stone would not con­firm whether or not a sale is go­ing ahead.

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