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.

Sort Comments: Oldest | Newest


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..


May 01, 2012 11:44 AM
Last Edited 1382 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.

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.

© 1999 - 2016 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.