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Formula 1 Owners Sell £1bn Of Shares Ahead Of Summer Flotation

The Telegraph  |  Posted: Updated: 23/05/2012 13:26

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Formula One
F1 will be floated on the Singapore Stock Exchange

The Telegraph:

Private equity firm CVC Capital Partners which owns a controlling stake in Formula One, has sold 21% of the business for $1.6billion ahead of a planned flotation on the Singapore stock exchange this summer.

Read the whole story at The Telegraph

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Private equity firm CVC Capital Partners which owns a controlling stake in Formula One, has sold 21% of the business for $1.6billion ahead of a planned flotation on the Singapore stock exchange this s...
Private equity firm CVC Capital Partners which owns a controlling stake in Formula One, has sold 21% of the business for $1.6billion ahead of a planned flotation on the Singapore stock exchange this s...
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mnementh
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13:47 on 23/05/2012
So, Bernie seems to have found yet another way of getting even richer.

Give it a couple of years and all F1 will be on ppv tv or, as part of it is now, on subscription. The BBC will not be able to compete with the big multi million £ offerings that will be made by the likes of Sky etc.

All that the rest of us non-subscribers will be left with will be the edited highlights several hours after the event, by which time the results will be known around the world, thereby ruining our enjoyment of, what has to be discribed as, the most spactacular form of motor racing in the world.
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