http://in.news.yahoo.com/051125/43/61863.html
Hamburg, Nov 25 (DPA) British investment company CVC capital Partners has acquired a controlling interest in the Formula One Group which runs the sport, it was announced Friday.
CVC has bought up shares of Bayerische Landesbank (50 percent of the Formula One Group) and of Formula One boss Bernie Ecclestone (25 percent - Bambino Holdings) through a new company, Alpha Prema, a joint press release said.
The release said that Ecclestone would remain CEO of the Formula One Group, also known as SLEC.
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What does that mean for F1?
Hamburg, Nov 25 (DPA) British investment company CVC capital Partners has acquired a controlling interest in the Formula One Group which runs the sport, it was announced Friday.
CVC has bought up shares of Bayerische Landesbank (50 percent of the Formula One Group) and of Formula One boss Bernie Ecclestone (25 percent - Bambino Holdings) through a new company, Alpha Prema, a joint press release said.
The release said that Ecclestone would remain CEO of the Formula One Group, also known as SLEC.
****
What does that mean for F1?