F1 » Race contracts form bedrock of F1 IPO bid


The clamour to host a grand prix can only come as good news as F1 prepares to make an initial share offering.

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mrfill

April 30, 2012 5:49 PM

There is a difference between money being 'guaranteed' and money being 'committed'. Last month Korea negotiated a 50% reduction in its race fees. It is not difficult to imagine other circuits attempting the same in the next 15 years so their projection of a 'guaranteed' $4.7bn may well be fanciful.

Droog - Unregistered

April 30, 2012 5:53 PM

"CVC recently secured a new $2.3bn loan, due by 2018, to refinance the previous debt and make a one-off cash payment of $1.1bn to Delta Topco"

Whoops, Bernie's doing renovations on his Wine Cellar again..

Googolplex

May 01, 2012 11:44 AM
Last Edited 882 days ago

I'd be interested to know how much the "extraordinary" payments to Ferrari are. Once they go public via an IPO, I expect there will be more information and transparency about the financial arrangements.

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