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Ecclestone prefiere que gane el mundial Vettel o Webber y Lotus, Hispania y Virgin son una verguenza....
(fin. tim*s)
Bernie Ecclestone, Formula One motor racing’s chief executive, said that he would never float the organisation on the stock market despite repeated attempts to do so in the late 1990s.
“There’s no way I would sit in front of a load of shareholders. It wouldn’t float under me,” he said in a Financial Times interview in which he also declared that he wanted one of the Red Bull team to win the driver’s championship this year.
Mr Ecclestone, who turned 80 on Thursday, first tried to float F1 in 1997.
However, this stalled when several teams refused to sign a long-term contract unless they received a higher share of the sport’s revenues.
The flotation was delayed until 2000 but this plan hit the buffers when the European Commission launched an antitrust investigation into the sport in 1999.
CVC Capital Partners, the private equity investor, owns 63.4 per cent of F1’s parent company, Delta Topco, with Mr Ecclestone holding a 5.3 per cent stake.
In addition to stating his own aversion to a flotation, Mr Ecclestone said that CVC was not planning to sell, adding that he felt that the business was worth $6bn-$7bn (£3.8bn-£4.4bn).
Despite his age, Mr Ecclestone has not groomed a successor. “Somebody will emerge when I’m not there,” he said, “I think two or three people may come out the woodwork but I don’t think it could be carried on in the same way as it has.”
Mr Ecclestone said there was “no truth” to rumours that former Renault team boss Flavio Briatore would become involved with F1’s management.
Two candidates who are in pole position to replace Mr Ecclestone are Bruno Michel, chief executive of F1’s feeder series GP2, and David Richards, chairman of Aston Martin and former boss of the World Rally Championship.
However, Mr Ecclestone said that he had no intention of retiring and would stay “as long as I can deliver”.
With just two races remaining this year Mr Ecclestone said he would like to see the Red Bull team’s drivers Mark Webber or Sebastian Vettel win the championship for the first time.
This would create a situation in which there would be five world champions competing next year, he said. Such an outcome could boost ratings and F1’s revenues.
In contrast, Mr Ecclestone said F1 had not benefited from Hispania, Lotus and Virgin Racing – the three new teams that joined the sport this year. None has yet scored a point and they occupy the bottom three places in the standings.
“They do nothing for us, they are an embarrassment,” said Mr Ecclestone, adding: “We need to get rid of a few of those cripples.”
The Lotus team would be worth keeping, he argued, while calling on Sir Richard Branson to invest more in Virgin Racing, which lies last in the standings.
“Richard should put some money in there shouldn’t he? He could do what [Red Bull founder Dietrich Mateschitz] has done and put some money in.”
(fin. tim*s)
Bernie Ecclestone, Formula One motor racing’s chief executive, said that he would never float the organisation on the stock market despite repeated attempts to do so in the late 1990s.
“There’s no way I would sit in front of a load of shareholders. It wouldn’t float under me,” he said in a Financial Times interview in which he also declared that he wanted one of the Red Bull team to win the driver’s championship this year.
Mr Ecclestone, who turned 80 on Thursday, first tried to float F1 in 1997.
However, this stalled when several teams refused to sign a long-term contract unless they received a higher share of the sport’s revenues.
The flotation was delayed until 2000 but this plan hit the buffers when the European Commission launched an antitrust investigation into the sport in 1999.
CVC Capital Partners, the private equity investor, owns 63.4 per cent of F1’s parent company, Delta Topco, with Mr Ecclestone holding a 5.3 per cent stake.
In addition to stating his own aversion to a flotation, Mr Ecclestone said that CVC was not planning to sell, adding that he felt that the business was worth $6bn-$7bn (£3.8bn-£4.4bn).
Despite his age, Mr Ecclestone has not groomed a successor. “Somebody will emerge when I’m not there,” he said, “I think two or three people may come out the woodwork but I don’t think it could be carried on in the same way as it has.”
Mr Ecclestone said there was “no truth” to rumours that former Renault team boss Flavio Briatore would become involved with F1’s management.
Two candidates who are in pole position to replace Mr Ecclestone are Bruno Michel, chief executive of F1’s feeder series GP2, and David Richards, chairman of Aston Martin and former boss of the World Rally Championship.
However, Mr Ecclestone said that he had no intention of retiring and would stay “as long as I can deliver”.
With just two races remaining this year Mr Ecclestone said he would like to see the Red Bull team’s drivers Mark Webber or Sebastian Vettel win the championship for the first time.
This would create a situation in which there would be five world champions competing next year, he said. Such an outcome could boost ratings and F1’s revenues.
In contrast, Mr Ecclestone said F1 had not benefited from Hispania, Lotus and Virgin Racing – the three new teams that joined the sport this year. None has yet scored a point and they occupy the bottom three places in the standings.
“They do nothing for us, they are an embarrassment,” said Mr Ecclestone, adding: “We need to get rid of a few of those cripples.”
The Lotus team would be worth keeping, he argued, while calling on Sir Richard Branson to invest more in Virgin Racing, which lies last in the standings.
“Richard should put some money in there shouldn’t he? He could do what [Red Bull founder Dietrich Mateschitz] has done and put some money in.”