Articles tagged CVC Capital

Page 14 of August 2011 archive issue thumbnail Page 14, August 2011

Profit swell makes racing hot property

Profit swell makes racing hot proper Since April rumours have been circulating that Rupert Murdoch's News Corporation media empire and Exor, an investment fund which ultimately owns a stake in Ferrari, would make a bid for Formula 1. As Motor Sport went to press a bid still hadn't been made and experts have cited numerous hurdles that it would face. They include opposition from the teams, due to...

Page 15 of September 2012 archive issue thumbnail Page 15, September 2012

Bernie off bribery hook?

The conviction of German banker Gerhard Gribkowsky has no legal implications for Bernie Ecclestone, the F1 boss’s lawyer has claimed. After a lengthy trial in Munich Gribkowsky was convicted of tax evasion, bribery and breach of fiduciary trust after admitting he had accepted a €45m payment from Ecclestone. Ecclestone told the court that the payment was to stop Gribkowsky potentially making...

Page 11 of February 2009 archive issue thumbnail Page 11, February 2009

Formula 1 pulls together

This time last year the world of Grand Prix racing was reeling from the damage caused by spy scandals and obscene $100 million fines. McLaren and Ferrari, Formula 1’s top teams, had seemingly reached a point of animosity beyond any plausible recovery, as the FIA stoked the unpleasant atmosphere with further rulings and insinuation that could only compound the division. How things have changed as...

Page 11 of January 2009 archive issue thumbnail Page 11, January 2009

Where to next for our sport?

We reflect upon the end of another season of Grand Prix racing, and the crowning of a new British World Champion, in this, our 1001st issue. But as usual we’re not content with looking back. Motor sport is facing up to an uncomfortable reality, and in the context of a disturbing global recession, change on an unprecedented scale looks sure to be the result. Racing, of course, always develops and...

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