Owners refute rumors of firing Ecclestone and selling F1

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]

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