Bernie Ecclestone has revealed that public floatation might be more likely than a sale in the event current owners CVC want to offload formula one’s commercial rights.<\/p>\n
A consortium headed by News Corp has expressed interest in bidding for the lucrative rights, as have the F1 teams in becoming shareholders.<\/p>\n
But chief executive Ecclestone told the Telegraph: “If I wanted to dispose of the company today I would float it in Singapore or Hong Kong.”<\/p>\n
He added that “it would be better to float the company in Singapore than sell it”.<\/p>\n
Writing in the British newspaper, journalists Christian Sylt and Caroline Reid said there were attempts to float F1 in London in the 90s “but they failed due to an anti-competition investigation by the European Commission”.<\/p>\n
The writers explain that Ecclestone believes the “accelerating interest in the sport in Asia is too hard to ignore”.<\/p>\n
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