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Motorsport Week

Ecclestone ‘in talks’ to buy Formula 1 back from CVC

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10 years ago
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Bernie Ecclestone has hinted that he could take over majority ownership of Formula 1 again as part of a consortium with CVC boss Donald Mackenzie.

CVC chairman Mackenzie already owns 35 per cent but is obliged to eventually sell his share to give his investors a return, but he could then return in a personal capacity according to Ecclestone.

“It’s like all hedge funds, they invest people’s money for a certain period,” he explained to Motorsport.

“It doesn’t matter how good they do, they have to give it back. Maybe they re-invest again, maybe they don’t, I don’t know.

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“Donald Mackenzie doesn’t want to sell, as simple as that. He loves F1, he loves the business, he doesn’t want to sell. He may have to sell his shares. Whether he’ll invest himself, maybe with me, separately, we’ll have to wait and see.”

When asked if he was actually interested in buying the sport back, he said: “We’re talking.”

Meanwhile the 84-year-old has admitted that RSE Ventures’ boss Stephen Ross, alongside the Qatari Motorsport Federation, is serious in launching a bid for the sport.

“Lots of people have made approaches,” added Ecclestone. “He’s [Ross] a proper guy, he’s a sporting guy, from a business point of view.”

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