Ecclestone hesitates to list F1 on the stock market

Reuters announced last Tuesday that CVC Capital had sold more than 20% of its shares invested in F1. This operation would have been carried out with the aim of increasing the value of the discipline to seven billion euros before its listing on the Singapore Stock Exchange which should be made next month. However, there now appears to be some hesitation on the part of Bernie Ecclestone. The boss of the FOM takes a dim view of the latest information on the economy, where the value of Facebook shares has fallen since its introduction. “The market doesn't look very bright after seeing what happened with Facebook”, commented the F1 financier to CNN. “I think it would be wise to wait and see. »

The Concorde Agreements to be renewed until 2020 seem to be taking a better turn according to Mr. E, even if he remains more than imprecise on the position of Mercedes. “We now have all the people and teams ready to sign until 2020 and hopefully for the next ten years and for eternity after that”, added Bernie Ecclestone. “Everyone agreed. We will have to wait for Mercedes to communicate but I am confident in their decision. I like and support Mercedes probably more than anyone in F1. But Agreements are made based on results and we cannot falsify them otherwise others will complain. »