Bernie Ecclestone has dismissed speculation of a potential takeover of Formula One by a consortium led by News Corporation
Bernie Ecclestone has dismissed speculation of a potential takeover of Formula One by a consortium led by News Corporation.
It has been suggested global media giant News Corp has held talks with the world's richest man, Mexican billionaire Carlos Slim, and a leading manufacturer, rumoured to be Ferrari, with regard to the possibility of making a bid for F1.
Ecclestone, the chief executive of owners and commercial rights holders, venture capital company CVC, claims the story is without foundation.
"It is all rubbish," Ecclestone told The Times. "Formula One 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."
ADVERTISEMENT
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
