A shock announcement in the commercial world of Formula One racing has British fans up in arms. The deal involves the Sky network and the BBC sharing the rights to F1 broadcasts in the UK.
It may have seemed far-fetched when the news first broke, and Bernie Ecclestone may think it will never amount to anything, but the reports of a plan to buy-out Formula 1 have proven factual.
It takes two to tango, and apparently Bernie Ecclestone is in no rush to lace up his dancing shoes. The F1 chief reportedly insists that, despite rumors of Rupert Murdoch and Carlos Slim joining forces to buy it out, the international motor racing series is not, in fact, for sale. CVC Capital, the holding company that owns the rights and to whom Ecclestone reports, receives substantial, multi-million-dollar annual dividends from F1, and so may be in no rush to divest.