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News Corporation (James Murdoch) flies into Abu Dhabi for "top secret meeting"


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#1 D.M.N.

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Posted 02 November 2012 - 22:48

Via the back of tomorrow's Daily Mirror.... http://twitpic.com/b9qrbn/full

F1 Racing's James Roberts tweeted this earlier:

James Roberts ‏@JRobertsF1
I must admit, much more was happening in the paddock today than it was on track...
6:16 PM - 2 Nov 12 ·

James Roberts ‏@JRobertsF1
And despite you wanting to know all the gossip, I couldn't possibly print something unless I knew it was absolutely true... Sorry!
6:27 PM - 2 Nov 12 ·

Looks like we may have our answer...

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#2 Mandzipop

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Posted 02 November 2012 - 23:02

I've been expecting this. I'm sure it did the rumour mill a while ago that the Murdochs were interested in owning F1, or at least owning a large share in it.

#3 Watkins74

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Posted 02 November 2012 - 23:17

I guess it is not as secret as they intended it to be.

#4 lambylamby

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Posted 02 November 2012 - 23:18

Great, another thing they will wreck, in my opinion.

#5 Disgrace

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Posted 02 November 2012 - 23:18

No getting around that F1 is an elitist circus and they should be interested.

#6 Slowinfastout

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Posted 02 November 2012 - 23:20

It can't be worse than a bunch of faceless bankers?

(genuine question, lol)

I also wonder if it would be a 'key in hand' thing with the Concorde agreement fully settled, or if they are peeking their nose in precisely because it isn't.

Edited by Slowinfastout, 02 November 2012 - 23:22.


#7 Longtimefan

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Posted 02 November 2012 - 23:24

God help us all if this happens..


#8 rhukkas

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Posted 02 November 2012 - 23:53

God help us all if this happens..


No way, a large corporation getting involved in F1...??? This can't happen!!!

:drunk:

#9 stanga

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Posted 03 November 2012 - 00:00

Someone should figure out a way to hack into his voicemail to find out exactly what is going on.

Wait a minute...

#10 Fastcake

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Posted 03 November 2012 - 00:11

It can't be worse than a bunch of faceless bankers?


The only thing worse (and more useless) than bankers is News Corp...

Is there much of F1 up for sale though, CVC have been selling chunks off to other private equity firms over the past year.

#11 gm914

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Posted 03 November 2012 - 00:27

I expect there will be FOX logos on all the cars.

But only on the right-wings.

/coat.

#12 Eff One 2002

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Posted 03 November 2012 - 00:50

This can't be good....

#13 Ross Stonefeld

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Posted 03 November 2012 - 01:00

I'm not concerned that it's Newscorp, but that it's a media company that likes the subscription model.

#14 packapoo

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Posted 03 November 2012 - 04:09

I'm not concerned that it's Newscorp, but that it's a media company that likes the subscription model.


For sure. My bitch too.


#15 ViMaMo

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Posted 03 November 2012 - 04:27

Dont worry, we will be getting all the juicy details of F1 drivers through phone taps. Guess we know who goes "Yes baby yes yes......" :rotfl:

#16 Sakae

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Posted 03 November 2012 - 05:27

Looks like no one yet really knows if this is potentially good or bad news. (From my own perspective anything but floating F1 on stock exchange is probably good news).

#17 Sakae

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Posted 03 November 2012 - 05:44

It can't be worse than a bunch of faceless bankers?

(genuine question, lol)

I also wonder if it would be a 'key in hand' thing with the Concorde agreement fully settled, or if they are peeking their nose in precisely because it isn't.

If anyone has a link, please post it, but I cannot recall seeing the confirmation that CA is done and sealed, despite that Mercedes was last hold up. FiA's hike came out only the other day, and it seems that so far only RBR has accepted those. Where it is all heading is good question.

#18 Slowinfastout

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Posted 03 November 2012 - 06:05

Actually the FIA is the last remaining hold up, the teams are apparently all sorted..

It's an interesting time for a big, big player to insert itself in the negotiations, so big and close that it's not going to be treated like normal.

This could easily change F1 as we know it, fast.

Edited by Slowinfastout, 03 November 2012 - 06:06.


#19 Sakae

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Posted 03 November 2012 - 06:10

After Mercedes is out, then Schumacher/Hamilton saga, we have at least a fresh start, since Alonso/Vettel fight was declared too boring. :D

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#20 aray

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Posted 03 November 2012 - 06:11

so Merdoch family is trying to own F1's majority shares...!!..now we have all the recipe for potential disaster....:clap:


#21 Slowinfastout

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Posted 03 November 2012 - 06:11

Of course everyone is numb:Good night at @AmberLoungeLtd last night, Kylie and Dannii Minouge showed up after the former's live show at the track

It's a conspiracy! :lol:

#22 Tommorris747

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Posted 03 November 2012 - 06:31

Actually the FIA is the last remaining hold up, the teams are apparently all sorted..

At India Ecclestone said HRT has not signed yet but I'm not sure if they count in this case :lol:

#23 Jimisgod

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Posted 03 November 2012 - 07:03

The only place the Murdochs should by flying is a maximum security prison for the next 10 years.

Break away series please.



#24 Sakae

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Posted 03 November 2012 - 07:13

One can feel that there is a lot of love in this thread. :rotfl:

#25 Slowinfastout

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Posted 03 November 2012 - 07:16

there:

Everything is back to normal.

#26 Jimisgod

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Posted 03 November 2012 - 07:23

At least Bernie owned a team. The Murdoch's are just empty suits who should be wearing orange jump suits.

#27 Diablobb81

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Posted 03 November 2012 - 07:25

Well, at least reading the private conversations of the drivers will be interesting.

#28 rijole1

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Posted 03 November 2012 - 08:39

I expect there will be FOX logos on all the cars.

But only on the right-wings.

/coat.

:lol: :lol:

#29 rijole1

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Posted 03 November 2012 - 08:43

The only place the Murdochs should by flying is a maximum security prison for the next 10 years.

Break away series please.


:up: Agree with you totally. It's really scary if they are going to have an influence on F1.
They will definitively only make it worse

#30 BullHead

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Posted 03 November 2012 - 08:45

It could be just about coverage arrangements...

#31 ensign14

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Posted 03 November 2012 - 09:03

I'm not concerned that it's Newscorp, but that it's a media company that likes the subscription model.

I'm concerned that it's a media company full stop. If the championship story does not turn out to be what the buyer wants, will it be somewhat amended? It is significant that Manchester United for example did not win a title in the 25 years before the Premiership started, and then won it in the first Premiership season, when Sky was (a) looking to sell Premiership rights worldwide and (b) a Manchester United shareholder.

#32 johnap

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Posted 03 November 2012 - 09:30

If News Corp owns F1 then it can only mean one thing for F1 coverage in the UK...

#33 Ross Stonefeld

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Posted 03 November 2012 - 10:31

I'm concerned that it's a media company full stop. If the championship story does not turn out to be what the buyer wants, will it be somewhat amended? It is significant that Manchester United for example did not win a title in the 25 years before the Premiership started, and then won it in the first Premiership season, when Sky was (a) looking to sell Premiership rights worldwide and (b) a Manchester United shareholder.


They'd be buying FOM, not the FIA.

#34 ayali

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Posted 03 November 2012 - 10:39

Via the back of tomorrow's Daily Mirror.... http://twitpic.com/b9qrbn/full

Interesting, anybody know if Exor (Agnelli investment company) are involved too just like earlier this year when there were rumours that a Exor/News Corp consortium were interested in the F1 rights