Autoblog

Rumors have been circulating that CVC, the commercial rights holders to Formula One, have considered selling the series. But before that could happen, they would have to give Bernie Ecclestone the boot.

The reports were fueled by comments made by Max Mosley, the embattled president of the FIA, who related to reporters that conversations about the subject had taken place with executives at CVC. According to Mosley's conclusion, CVC would consider selling Formula One if a huge offer were made – possibly by an Arab consortium – but Ecclestone would need to be replaced because "the whole business depends on a man who is 78 years old". However, CVC issued a strong statement at this past weekend's race in Hungary that it had no immediate plans to sell F1 and was pleased with its performance as well as that of Bernie Ecclestone.

[Source: Autosport, Photo by Odd Andersen/AFP/Getty]

Bernie Ecclestone, the billionaire brain behind the commercial side of Formula 1, has for the first time publicly called for Max Mosley's resignation. When the Mosley scandal broke, Ecclestone, who has known Mosley for 40 years, did not take a stand on Mosley's resignation. All Ecclestone would say is, "It doesn't look good, does it?"

On June 3, Mosley faces a vote of confidence among his colleagues at the FIA. Mosley said he would not resign, and as he appeared to weather the worst of it, he then turned to defending his position in a letter to constituent FIA clubs. But the letter didn't merely attempt to defend his position; it essentially claimed that Formula 1 is in a major crisis, and using the logic that you don't switch horses midstream, Max should be the one to finish righting the ship. It also asserted that the commercial rights holders -- Ecclestone and friends -- were basically trying to do away with the FIA.

That letter made Ecclestone question whether Mosley "wants a war with" him. Ecclestone put out a response letter saying that there was no crisis, he had nothing to say against the FIA, and he looked forward to the next Concorde Agreement governing F1. And now he's called for Max's resignation. Max is expected to survive tomorrow's vote, and if he does, there'll probably be at least one more person who isn't happy about it.

[Source: AFP]

Despite Bernie Ecclestone's initial support of his colleague Max Mosley, Ecclestone is now publicly urging the embattled FIA president to cancel his planned trip to Bahrain to oversee the grand prix there this coming weekend.

The humiliation which Mosley apparently pursued in a disturbing sexual escapade involving multiple prostitutes in a sado-masochistic nazi-themed orgy was outdone only by the embarrassment which resulted from the public revelation of the episode in the British tabloids. Following the news breaking, Mosley declared he would proceed as normal as if nothing had happened, but Ecclestone says his colleague should think again. Citing public opinion and predicting that the royal family in Bahrain "wouldn't like it" if he came to their country, Bernie expressed concern that the news at the event would be dominated (pardon the expression) by Mosley's scandal instead of remaining focused on the race itself. Mosley's "business as usual" approach may require some further thought, to say the least. Thanks for the tip, Schwag of Tulsa!

[Source: The Times of London, Photo by Odd Andersen/AFP/Getty ]

When the A1GP World Cup of Motorsports started back in 2005, some saw it as a challenger to Formula One. But while the nation-based formula was creative, it stood little chance of posing any serious competition to F1 with all its decades of history, billions of dollars and millions of fans worldwide. The start-up open-wheel racing series, however, has managed to carve out a niche for itself as an additional feeder series, providing another stepping stone from which F1 can draw talent in addition to other second-tier racing formulae like F3, GP2 and Champ/Indy (at least, before the split).

In an interview with Italian sports journal Gazzetta dello Sport, A1GP chairman Tony Teixeira made a point of thanking his F1 counterpart Bernie Ecclestone, whom Teixeira credits with helping to broker the deal with Ferrari by which the Scuderia will design the cars and supply the engines for the entire series starting with the 2008-2009 season. (A1GP runs on the off-season in order to attract drivers and fans when other series are on break.)

Teixeira, who has also been tipped to be considering the purchase of an F1 team, also noted that he approached Ferrari for the mutually-beneficial deal. Ain't it swell when everyone plays nice together?

[Source: Autosport]

On October 31st in Battersea Park, London, RM Auctions will be selling 50 cars from the private collection of Bernie Ecclestone at the Automobiles of London auction. What kind of cars does the notoriously particular F1 supremo collect: among the lot are a 1933 Marmon Sixteen Victoria Coupe, 1950 Ferrari 250 GT Europa Mk II (shown above), 1937 Mercedes 540 K Cabriolet B worth $7 million, 1933 Lancia Astura Roadster, and the obligatory 300 SL Gullwing. And because you just never know where Bernie's coming from, there's also a 1964 Ford Anglia.

The sale is expected to raise about 15 million pounds, which is the parking meter fund for a guy worth 3 billion pounds. According to his biographer, Ecclestone turns 77 in October, and perhaps "believes it's time to tidy up some of his private assets." Check out RM Auctions for more on the sale.

[Source: Pistonheads]

Formula One Czar boss, Bernie Ecclestone is apparently a "big, big" fan of bikes, and partnered with his place in the F1 hierarchy, decided to purchase a controlling stake in Turkey's Istanbul Park.

Supposedly paying close to $180 million for an interest in the circuit, this recent acquisition brings the total number of tracks owned by the Andy Warhol look-alike to two – the other being the Paul Ricard circuit in France.

The move solidifies Turkey's position as a host of Formula One races in the future, but questions regarding the $2.5 million fine that was levied on the organizers after last year's trophy debacle remain. Rumors about Eccelstone's possible involvement in helping to pay the fine have surfaced, but regardless, it's a sweet circuit and we're glad it's sticking around.

[Source: TSN]