Ecclestone denies News Corp’s F1 takeover bid
April 20th, 2011 - 12:42 pm ICT by ANILondon, Apr 20(ANI): Bernie Ecclestone has insisted that Formula One is not for sale in the wake of reports that multi-billionaire tycoon Rupert Murdoch’s media group, News Corporation, might be preparing a bid for the sport.
“It’s rubbish. The sport is not for sale,” The Telegraph quoted Ecclestone, as saying.
It was earlier reported that talks “about forming a consortium that would seek to acquire control” of Formula One were at an “embryonic” stage.
“News Corp has been in preliminary talks in recent weeks with people connected to at least one of F1’s big car manufacturers, and with Carlos Slim, the Mexican billionaire who is the world’s richest man,” the report had claimed.
It also said that JP Morgan, a former shareholder in F1, was advising Murdoch’s New York-based company over any potential deal. (ANI)
- Ecclestone rules out any chance of successful Murdoch F1 bid - Apr 30, 2011
- Ecclestone again insists F1 is not for sale - May 04, 2011
- Murdoch, Exor considering joint bid to buy F1 - May 04, 2011
- Indian presence in English Premier League doubles - May 23, 2011
- F1 will find it tough to match cricket's hype: Ecclestone - Aug 18, 2011
- Carlos Slim's firm to acquire US company - May 11, 2012
- Australian Grand Prix not needed on F1 calendar: Ecclestone - Feb 10, 2011
- World's richest man buys New York mansion - Jul 29, 2010
- Indian business tycoon Mukesh Ambani to be world's richest man in 2014, Forbes predicts - Sep 13, 2010
- India to join F1 racing circuit from 2011 - Apr 17, 2010
- 'Cranky' F1 chief Ecclestone 'calls mayor's cancelling Australian Grand Prix bluff' - Jan 28, 2011
- F1 will gradually match cricket's popularity in India: Ecclestone - Oct 30, 2011
- Ecclestone may sell shareholding in QPR for 100 million pounds - Apr 27, 2011
- Bahrain GP organisers say F1 race on - Feb 20, 2012
- Tata Communications signs technology deal with Formula One - Feb 23, 2012
Tags: bernie ecclestone, big car, car manufacturers, carlos slim, embryonic stage, f1, formula one, group news, jp morgan, media group, mexican billionaire, news corp, news corporation, richest man, rubbish, rupert murdoch, s media, shareholder, stage news, takeover bid