Formula One investment talks continue
By iSportconnect | August 1, 2016
Multiple reports have suggested talks to take over Formula One are entering the final stages of negotiation.
The Wall Street Journal claimed a number of bidders, drugs including Sky, are looking at F1 and an $8 billion deal could be completed in the next few weeks.
The report also claims Discovery Communications (who own Eurosport) and Liberty Global are also interested. The current controlling shareholder is CVC Capital Partners, with 35.5%.
Rumours have also emerged on Qatar Sports Investments – owned by the state of Qatar taking an interest, as well as Apple.
CVC has been looking to reduce its commitment to Formula One in recent years, it cut its stake from about 63 per cent to the current level in 2012 through two separate deals.