{"id":22620,"date":"2014-07-20T07:28:31","date_gmt":"2014-07-20T11:28:31","guid":{"rendered":"https:\/\/www.racinginfocus.com\/?p=22620"},"modified":"2014-07-20T07:28:31","modified_gmt":"2014-07-20T11:28:31","slug":"ecclestone-plays-down-f1-buy-back-reports","status":"publish","type":"post","link":"https:\/\/www.racinginfocus.com\/rif\/formula-1\/ecclestone-plays-down-f1-buy-back-reports\/","title":{"rendered":"Ecclestone plays down F1 buy-back reports"},"content":{"rendered":"<p>Bernie Ecclestone has played down suggestions he is set to buy back formula one.<\/p>\n<p><img loading=\"lazy\" class=\"ngg-singlepic ngg-left alignleft\" src=\"https:\/\/www.racinginfocus.com\/rif\/gallery\/f1-2014-rif-images\/f1-2014-persons\/Bernie-Ecclestone-3.jpg\" alt=\"Bernie-Ecclestone-3\" width=\"445\" height=\"296\" \/>F1 business journalist Christian Sylt claims the sport&#8217;s biggest shareholder, CVC, is already committed to selling its stake by next July.<\/p>\n<p>&#8220;The last thing Donald (Mackenzie) wants to do is to get out,&#8221; Ecclestone told the Sunday Telegraph, &#8220;but I think the way their company is structured eventually they have to move on.&#8221;<\/p>\n<p>Sylt reports that CVC&#8217;s memorandum dictates a ten-year term, with three one-year extensions but only if the majority of its investors agree.<\/p>\n<p>Indeed, rumours of CVC&#8217;s talks with potential buyers abound in the paddock.<\/p>\n<p>One of them could be Ecclestone, even though he plays down suggestions he is looking to up his 5.3 per cent stake.<\/p>\n<p>&#8220;I&#8217;m not saying it won&#8217;t ever happen,&#8221; said the billionaire F1 supremo, &#8220;but there&#8217;s no point in me doing it at the moment.&#8221;<\/p>\n<p><em>\u00a9 RIF | GMM<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bernie Ecclestone has played down suggestions he is set to buy back formula one. F1 business journalist Christian Sylt claims the sport&#8217;s biggest shareholder, CVC, is already committed to selling its stake by next July. &#8220;The last thing Donald (Mackenzie) wants to do is to get out,&#8221; Ecclestone told the Sunday Telegraph, &#8220;but I think &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[3],"tags":[59,4820,5262,5340],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/22620"}],"collection":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/comments?post=22620"}],"version-history":[{"count":1,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/22620\/revisions"}],"predecessor-version":[{"id":22621,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/22620\/revisions\/22621"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=22620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=22620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=22620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}