Modern Marketing

Bernie Ecclestone accelerates F1 sale speculation by admitting two parties have agreed a price


By John McCarthy | Media editor

March 29, 2016 | 2 min read

F1 head Bernie Ecclestone has claimed that two potential buyers are willing to pay £6bn for a leading stake in the sport.

Ecclestone, who runs the sport for 35 per cent stakehold owner CVC, now has to decide whether it wants to sell for the agreed upon fee.

On offloading the elite racing competition, Ecclestone told the Mail on Sunday: “I think CVC will make a decision on the sale sooner or later.

"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."

CVC bought its stake a decade ago for £1.2bn and has already sold a significant share of its original investment.

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Last year Miami Dolphins owner Stephen Ross was reportedly preparing to mount an $8bn bid for a 35.5 per cent stake in CVC Capital Partners, with the backing of Qatar investors. It is unclear whether he is one of the current interested parties in the company however.

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