F1 » Ecclestone: Pay-per-view 'would be suicidal' for F1

F1 commercial rights-holder Bernie Ecclestone reveals all the reasons why he believes a News Corp/Exor takeover of the sport would be bad news - as he hopes teams 'come to their senses' over the matter

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Caroline Reid - Unregistered

May 09, 2011 4:05 PM

There are several things to consider:

First, CVC have a veto on the sale of the minority shares.

Second, the FIA have a veto on any change in ownership.

Third, EU Merger Regulation 139/2004 would probably come into play.

I think I should also point out, that there isn't a clause in the concorde agreement specifically about FTA broadcasts, but there is in the agreement between the FIA and the commercial rights holder.

Rob01 - Unregistered

May 09, 2011 4:25 PM

If his lips are moving he is lying. He is in his negotiation mode. This all about leverage during the Concorde talks. Now Todt is trying to appease Ferrari by ending the test ban. I think the 100 year deal is about to come to an end.


May 09, 2011 4:38 PM

Whatever BE is saying (who on earth can tell were all he says/manoeuvres are aimed at/leading too) about what's best and the pay per view worrying him they will be automatically taken care of for the following reasons.
First of all if the prize is right CVC will sell, CVC is not after prestige its solo aim is profit.
Anybody buying the F1 commercial rights from CVC will have to be not only good for the sports but willing to do much better than CVC is doing as they will have to be approved by the FIA which has a veto known as Don King which gives it the right to reject the takeover and also by the teams without which there will be no F1 racing, the teams will sure look after their interest of free to air TV and will want a good part of the 50% CVC are pocketing.

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