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0Motorsports: Yellow-Flagged: Formula One's French Grand Prix and IPO potentially on hold 1337103000
It is exceptionally rare for Bernie Ecclestone to be shown the yellow flag when it comes to his Formula One business dealings, but that's what happened with two of his projects. A month ago, Ecclestone agreed to terms with France's sports minister David Douillet to reinstate the French Grand Prix ...
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Report: Ecclestone mulling tennis-style Grand Slam races for F1 1334950140
Ever get the feeling that not every grand prix on the Formula One calendar should be worth as much as every other? Aside from the bragging points that go with winning a race like, say, the Monaco Grand Prix, maybe the most prominent races should be worth more championship points, too? So says ...
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Breaking: Anonymous hacks official F1 website ahead of Bahrain GP 1334939460
The group of hackers known as Anonymous issued a press release last night announcing their intent to hack and take down the official website for Formula One at formulaone.com for the duration of the Bahrain Grand Prix. Their reason? To protest the increasingly violent crackdown on the people of ...
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Report: CVC gearing up to sell 20% of Formula One with $2B Singapore IPO 1334097060
Formula One has many homes: the Formula One Management company that controls its commercial aspects is based in London, the FIA that governs its sporting aspects is based in Paris, and you'd certainly have a point to make if you asserted its spiritual home was in Monaco. But none of these places ...
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Report: Demonstrations in Bahrain take fatal turn, spur F1 protests *UPDATE 1333404000
Protesters in Bahrain continue to push for democratic reforms in the country, and police have stepped up a brutal crackdown ahead of the upcoming Formula One Bahrain Grand Prix. Last year, unrest forced F1 to cancel the race, but Bernie Ecclestone, president and CEO of the series, has said that ...
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Report: Mercedes ponders exiting F1 racing over commercial deal 1332786600
Formula One may, to outsiders, seem like a monolith, but it is in fact a gathering of rather disparate parties. There's the FIA which governs the series from a sporting standpoint, there's the collective of teams competing in the series, and Formula One Management, the company that holds the ...
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Report: Ecclestone estimates Formula One IPO at $10B, hires Goldman Sachs to investigate 1332283800
Formula One may be headed toward an initial public offering worth a staggering $10 billion, according to Bloomberg. CVC Capital Partners Ltd., the majority owner of the Formula One Group, has hired Goldman Sachs Group to look into the motorsports empire's value. The deal would involve selling a ...
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Report: Last-minute deal saves 2012 United States Grand Prix in Austin 1323275460
Everything is bigger in Texas. So it's appropriate that the hubbub surrounding the imminent return of the United States Grand Prix to the Lonestar State should come down to a big last-minute deal. As you may recall, Formula One was set to come to Austin next year at a new track complex currently ...
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Report: Ecclestone casts doubts on Austin F1 race in 2012 1321389000
After a five-year absence, the United States is set to gain two Formula One races within the next two years: one in Austin, Texas, and another in New Jersey. But recent comments vocalized by F1's ever-outspoken commercial chief Bernie Ecclestone have cast doubt on the former. Speaking at this ...
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Report: Bribery scandal leaves F1's commercial future in jeopardy 1319722800
Bernie Ecclestone has controlled the commercial rights to Formula One for so long it seems like he always has and always will. But that's not exactly the full story. While Ecclestone was the first to negotiate for control over the sport's commercial aspects – namely its television ...

