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Ecclestone sells up - Beeb


Rob W
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Breaking news!!

 

:o  :o  :o  :o  :o  :o

 

What is the cunning little B****** up to now?

111228[/snapback]

 

That's a bit harsh, maybe he's getting old and wants to enjoy retirement rather than getting shit off Martin Brundle.

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Link?

 

Hard to see him walking away, especially as he has only just got the teams to sign up for 2008.

 

Maybe he has had enough of the bickering and just wants to sit on his giant pile of money.

Edited by Dr Kenneth Noisewater
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from the Beeb:-

 

 

Ecclestone sells Formula 1 rights

 

Private equity group CVC Capital Partners has completed its takeover of Formula One's commercial rights.

 

CVC's Donald Mackenzie said the company was now looking forward to working with Formula One boss Bernie Ecclestone "to further develop and grow the business".

 

The European Commission gave the green light to the deal last week, saying it would not significantly impede effective competition. CVC will run Formula One through new subsidiary Alpha Prema UK.

 

Uncertain future

 

Brussels approval of the deal was conditional on CVC selling Spanish subsidiary Dorna. CVC plans to keep F1 boss Bernie Ecclestone as chief executive.

The 75-year-old has made a fortune from exploiting the rights to Formula One.

 

The sport is still facing an uncertain future, with carmakers threatening to break away and set up a rival championship in 2008 unless significant changes are made to the way it is run.

 

Mr Ecclestone and German bank BayernLB are selling their stakes to CVC Capital Partners for an undisclosed price, giving CVC majority control over the motor racing company. CVC currently owns 38 firms in Europe and is also the majority shareholder of the Automobile Association (AA) in the UK.

Edited by Rob W
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It's been known this was gonna happen for a good couple of years now though - notice he's still running the show though?

 

Upshot is he'll still be fucking about but now he's absolved of any responsibility.

 

What's more concerning is the fact that the teams have signed up for 2008 and therefore agreed to the 3 year development freeze.

 

What's the point in F1 if they're not allow to develop? Utter madness!

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First thing to get rid of is the stupid 'engines have to last two races' rule.

 

This is a performance formula not an endurance one after all.

 

And if Schumacher had not been demoted from 4th to 14th on the grid in the last race we could have had the spectacle of Alonso hunting him down.

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First thing to get rid of is the stupid 'engines have to last two races' rule.

 

This is a performance formula not an endurance one after all.

 

And if Schumacher had not been demoted from 4th to 14th on the grid in the last race we could have had the spectacle of Alonso hunting him down.

111395[/snapback]

 

The words of a true 'racing' fan....

 

But no, we have the bureaucrats running the sport who think it's more important to save costs by making the engines bullet-proof! :o

 

It's ruined the spectacle, gone are the days that the front runners run at maximum revs and lose an engine here and there...

 

If teams want to 'save costs', they shouldn't be in F1! :o

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How about doing away with safety stuff and making it a bit edgy the way it used to be when I was a lad.....................

111393[/snapback]

 

Just give them go carts, knocked together from a couple of orange boxes and lash a 300 hp engine on the back.

 

Transmission optional

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How about doing away with safety stuff and making it a bit edgy the way it used to be when I was a lad.....................

111393[/snapback]

 

Just give them go carts, knocked together from a couple of orange boxes and lash a 300 hp engine on the back.

 

Transmission optional

111620[/snapback]

 

There's already a formula for that though....and most F1 drivers have progressed from it! :o

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How about doing away with safety stuff and making it a bit edgy the way it used to be when I was a lad.....................

111393[/snapback]

 

Just give them go carts, knocked together from a couple of orange boxes and lash a 300 hp engine on the back.

 

Transmission optional

111620[/snapback]

 

There's already a formula for that though....and most F1 drivers have progressed from it! :o

111628[/snapback]

 

 

Well then give the drivers rifles and have the races in big game parks with lions and elephants and buffalo. And the winner has to bring back the head of each kind of animal whilst driving their turboed go cart. Is there a formula for that? IS there? Well?

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Ok, another addition, give each driver a limited number of surface to surface missiles, and then send them to race round the Isle of Wight in the sooped up go carts, with the lions, elephants, eskimos, and then it's Battle Royale time.

 

Like Wacky Races but without the pigeon.

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