F1 » New York merchant bank joins News Corp F1 bid


In the latest twist in the intriguing case of News Corp/Exor's investigation into a possible takeover of F1's commercial rights, it seems the consortium has attracted a powerful new backer in the shape of American 'boutique merchant bank' Raine Group LLC...

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Firestorm - Unregistered

May 13, 2011 11:59 AM

I think that is better for F1 to take some actions in FIA and not on Ecclestone.I want that private testings returns and the cars starts refuelling.In qualifying 3,cars should start their flying laps with the fuel that they will start the race,so we wouldn't se one driver or one team(speaking of Red Bull and Vettel) always on pole.The last thing,teams should have more fresh tyres to use during the weekend,and more fresh engines during the season and why not reintroducing the spare car?!

dliff

May 13, 2011 12:49 PM

This will be the end of F1 for many fans if Foxx gets control. first we lost champ car, then Indy car went to some off the wall network and now foxx and they want to make it pay for view. And Nascar is just not much to see. think I will record all the races I can to watch over and over. At my age I don't remember who won anyway

FrozenCandle

May 13, 2011 1:07 PM

Like Mr Ecclestone, I don't understand why a corporation as large and wealthy as News Corp needs to seek partners for a takeover of F1's commercial rights. Surely they could afford to purchase them on their own.

richard

May 13, 2011 1:23 PM

read this in conjunction with di montezemelo's statement on autosport. i see the signs of a new deal on f1 from end of concorde agreement in 2012. dont like newscorp, but if f1 is improved as a result of their interest, greeeaaaatttt!

USF1_Fan - Unregistered

May 13, 2011 2:29 PM

Great, another slimy bank with little real interest in F1 jumps on the sleazeball bid to get Formula 1.

If these jerks keep it up they will eventually have enough money to force a takeover and Formula 1 will go straight to hell.

Come one CVC/FIA- protect, defend your line!
Don't let these bozos wreck the sport.

Jose - Unregistered

May 13, 2011 2:49 PM

A New York Bank and Mr. Murdoch's News Corp spells
trouble..World politics is trying to creep
into Formula One. Look close into the history of
Mr. Murdoch, very bad news. Merchant bank of N.Y.
had its hand out doing the U.S. big money bailout.
Hold fast Bernie, that old linguistic rule still
stands 'Greed Killed the Golden Goose'

Badman, Jose

richard

May 13, 2011 3:21 PM

usf1. get real! the ownership would go from one investor to another. its not in the hands of enthusiasts at present, but if the teams did a deal with newscorp, at least we would have owners with a vested interest in the sport. now that cannot be a bad thing!

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