F1 »

Ecclestone delays F1 floatation

Bernie Ecclestone says F1 won't go on to the stock markets until 2013
Bernie Ecclestone has revealed that plans to float Formula One on the stock market have been delayed until the current situation in the global markets improves.

F1 was due to float on the Singapore stock market back in June but the proposed floatation failed to get off the ground.

Ecclestone has now revealed that the floatation could go ahead next year if markets improve but wouldn't take place in 2012.

“The float won't happen this year, but next year it will if the markets change,” he told the Daily Telegraph. “No IPOs have gone through, only Manchester United. I was surprised that they let it go through at the price. First the price and secondly the amount.”

Ecclestone also played down speculation that the ongoing discussions around the future of F1 had played a role in the delay, and said talk that Mercedes were unhappy with the latest Concorde Agreement had no substance.

“Mercedes will be staying,” he said. “They haven't signed the commercial agreement because they haven't had sight of it yet.”



Related Pictures

Click on relevant pic to enlarge
23.09.2012 - Race, the start
23.09.2012 - Race start
23.09.2012 - Race, the start
(L to R): Nico Rosberg (GER) Mercedes AMG F1 and Fernando Alonso (ESP) McLaren with the media.
28.08.2016. Race
(L to R): Race winner Nico Rosberg (GER) Mercedes AMG F1 and second placed Daniel Ricciardo (AUS) Red Bull Racing in parc ferme.
28.08.2016. Race
Race winner Nico Rosberg (GER) Mercedes AMG F1 celebrates in parc ferme as his third placed team mate Lewis Hamilton (GBR) climbs from his Mercedes AMG F1 W07 Hybrid.
28.08.2016. Race
Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid leads behind the FIA Safety Car.
28.08.2016. Race
Race winner Nico Rosberg (GER) Mercedes AMG F1 celebrates in parc ferme as his third placed team mate Lewis Hamilton (GBR) climbs from his Mercedes AMG F1 W07 Hybrid.
28.08.2016. Race
Race winner Nico Rosberg (GER) Mercedes AMG F1 celebrates in parc ferme.
28.08.2016. Race
Race winner Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid celebrates as he enters parc ferme.
28.08.2016. Race
Race winner Nico Rosberg (GER) Mercedes AMG F1 celebrates on the podium.
28.08.2016. Race
Race winner Nico Rosberg (GER) Mercedes AMG F1 celebrates on the podium.
28.08.2016. Race
Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid.
28.08.2016. Race
Lewis Hamilton (GBR) Mercedes AMG F1 celebrates his third position in parc ferme.
28.08.2016. Race
Lewis Hamilton (GBR) Mercedes AMG F1 celebrates his third position in parc ferme.
28.08.2016. Race
Lewis Hamilton (GBR) Mercedes AMG F1 W07 Hybrid.
28.08.2016. Race
Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid makes a pit stop.
28.08.2016. Race
Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid makes a pit stop.
28.08.2016. Race

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.


pcxmac - Unregistered

September 26, 2012 6:03 PM

too bad zuckerberg beat bernie to the punch. The days of floating crap on the stock markets is coming to an end. At least for the foreseeable future.



© 1999 - 2016 Crash Media Group

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