News Corp wants to go to F1

News Corporation has confirmed its interest in buying the commercial rights to F1. Majority shareholder Rupert Murdoch counts on the financial support of EXOR, owner of the manufacturer Fiat.

Published on 04/05/2011 à 11:35

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Rumors about News Corp's interest in F1 were confirmed by boss Rupert Murdoch himself. The Australian businessman counts on the financial support of EXOR, which is the majority shareholder of the Fiat group and indirectly of Ferrari.

Bernie Ecclestone is not in favor of this possible takeover. “ This really sounds like people wanting to see if they can make money », Comments the F1 financier to the Reuters agency.

Furthermore, Bernie Ecclestone does not believe that Rupert Murdoch will be able to broadcast the races on private channels, as the Australian suggested. “ I think the chances are almost zero, but if Murdoch were a buyer, he would certainly have to retransmit the programs unencrypted as is currently the case. »