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Ecclestone: new F1 owner by the end of the year


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#1 Marklar

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Posted 06 October 2015 - 17:23

He announced that today at the Camp Beckenbauer during the motorsport panel

 

Georg Nolte @GeorgNolte

Interesting news from Bernie Ecclestone via conf call that there will be a new ownership of @f1 this year. #cb15

 

Who do you think will that be? And which consequences it could have for F1? Some people are speculating that the US billionaire Stephen Ross might be interested, but also Mateschitz could be interested to own F1 instead of owning teams.

 

Ecclestone himself will apparentely either way remain somehow in F1 according to bild.


Edited by Marklar, 06 October 2015 - 17:24.


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#2 D.M.N.

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Posted 06 October 2015 - 17:24

Reluctant to create this topic without the question mark at this stage, but a few interesting signs this evening tweets...

 

https://twitter.com/...416842066636801

 

https://twitter.com/...430697337532417

 

https://twitter.com/...423905492676608

 

Georg Nolte ‏@GeorgNolte
Interesting news from Bernie Ecclestone via conf call that there will be a new ownership of @f1 this year. #cb15
4:20 PM - 6 Oct 2015
 
CAMP BECKENBAUER ‏@CAMPBECKENBAUER
Mika Häkkinen, Former @F1 World Champion, on Ecclestone's plan to retire this year. #CB15 https://pbs.twimg.co...akkUwAAy6tg.jpg
5:15 PM - 6 Oct 2015
 
Marcus Höfl ‏@marcushoefl
Breaking News: Bernie Ecclestone just said ownership of F1 probably changes before the end of the year @CAMPBECKENBAUER #CB15
4:48 PM - 6 Oct 2015

 

This feels like a "I'll believe it when I see it" situation, but it is being reported on nevertheless, although not yet picked up by F1 media.

 

EDIT - Marklar got there a second before me, so have merged.



#3 RedBaron

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Posted 06 October 2015 - 17:31

I beat you both :p I silly seasoned this a few hours earlier.

Georg Nolte ‏@GeorgNolte  20m
20 minutes ago
Interesting news from Bernie Ecclestone via conf call that there will be a new ownership of @f1 this year. #cb15


Edited by RedBaron, 06 October 2015 - 17:32.


#4 OO7

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Posted 06 October 2015 - 17:32

You know that saying, 'better the devil you know..........', ............... 



#5 AustinF1

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Posted 06 October 2015 - 17:39

Oh my, if Mateschitz buys F1...wow, buckle your seatbelts.


Edited by AustinF1, 06 October 2015 - 17:41.


#6 Fastcake

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Posted 06 October 2015 - 17:43

Not much to say other than we'll see if it happens or not.



#7 Marklar

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Posted 06 October 2015 - 17:45

I beat you both :p I silly seasoned this a few hours earlier.

I know it now for a few hours but posting a new thread via mobile phone is a mission, so I had to wait until I arrived home ;) :p

Surprisingly that the Media stil didnt picked up this story....

#8 D.M.N.

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Posted 06 October 2015 - 17:47

Oh my, if Mateschitz buys F1...wow, buckle your seatbelts.

Three parties interested, so plausible: https://twitter.com/...449548410241024



#9 sblick

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Posted 06 October 2015 - 17:52

Interesting. Could bode well for the sport. Get some new thoughts going. I am about to cut the "cable" cord so online viewing is going to be the only way to watch next year.

#10 Lotusseven

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Posted 06 October 2015 - 18:03

Oh my, if Mateschitz buys F1...wow, buckle your seatbelts.

 

In 6 months Mateschitz will be  72 years old, so I hope he enjoy his pensioner years in another way. He also said 

"I'm losing interest in Formula 1"  

Just saying.   ;)



#11 AustinF1

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Posted 06 October 2015 - 18:08

I wonder how the Qataris might figure into this potential buyout. It's gonna take a lot of money to buy F1, probably more than either even Ross or Mateschitz can spend.



#12 AustinF1

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Posted 06 October 2015 - 18:09

In 6 months Mateschitz will be  72 years old, so I hope he enjoy his pensioner years in another way. He also said 

"I'm losing interest in Formula 1"  

Just saying.   ;)

Well, I think he said that for a reason .. that he's losing interest in what F1's becoming. Who knows if he even has an interest in buying it, but IF he does, my guess is that interest would be driven by a desire to change it to something more to his liking.


Edited by AustinF1, 06 October 2015 - 18:12.


#13 Ross Stonefeld

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Posted 06 October 2015 - 18:10

Which one of these potential new buyers is going to run the sport to NOT maximise the profits for the owners?

#14 thegforcemaybewithyou

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Posted 06 October 2015 - 18:14

I'm wondering what Toto has to say about this??

 

https://twitter.com/...444374501502976



#15 Kristian

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Posted 06 October 2015 - 18:22

Makes sense for Mateschitz.... buys F1, then fines himself $500m for leaving it..... 



#16 Atreiu

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Posted 06 October 2015 - 19:53

Not much to say other than we'll see if it happens or not.

 

 

My thoughts exactly.

There are too many scenarios and possibilities to contemplate without quickly descending into pure speculation and wishful thinking.



#17 Fastcake

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Posted 06 October 2015 - 19:54

Well, I think he said that for a reason .. that he's losing interest in what F1's becoming. Who knows if he even has an interest in buying it, but IF he does, my guess is that interest would be driven by a desire to change it to something more to his liking.

 

This has come up a few times, so let's be realistic here. If Mateschitz were to purchase the rights (or Red Bull more accurately as I doubt he's got the cash or desire to do so himself), what exactly would be in it for him? It would cost a good few billion to start, which is no small sum even to a fizzy drinks manufacturer, and the sport is currently a risky prospect being under investigation by the EU. Owning FOM wouldn't give him the power to change any regulations, under the current set-up it wouldn't give him much more sway than Red Bull has currently, and the teams and the FIA won't let him do anything that benefits Red Bull at their expense. He could change broadcast and circuit contracts, and perhaps actually promote the sport a bit, but that isn't going to directly benefit Red Bull unless they can get their brand across. FOM can't sell off naming rights like Nascar can (so no "Red Bull World Championship), so all that's left is changing all those Rolex ads to Red Bull ones, and maybe superimposing a few more logos over the world feed.

 

When you look at the other events Red Bull run, they're all short, easily packaged and promoted, cheap and totally controlled by their brand. F1 doesn't seem to be a good addition.



#18 johnwilliamdavies

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Posted 06 October 2015 - 19:58

I'm wondering what Toto has to say about this??

 

https://twitter.com/...444374501502976

Toto speaks - http://www.motorspor...m-perspective/?

 

Prospective new owners are from Russia, USA and Qatar. 


Edited by johnwilliamdavies, 06 October 2015 - 19:59.


#19 pdac

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Posted 06 October 2015 - 20:04

The end of F1 is nigh. I can't see any change of ownership being any good.



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#20 superden

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Posted 06 October 2015 - 20:05

If Mateschitz takes over, that's me done.

#21 OO7

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Posted 06 October 2015 - 20:12

Seeing how on this forum and many others I'm sure, we all believe we know what is right for F1 and what direction it should take, I propose that we pool our money together and put in a bid.  I can spare £2.63.



#22 jonpollak

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Posted 06 October 2015 - 20:13

I'll add $1.47

#23 RedBaron

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Posted 06 October 2015 - 20:14

What if someone buys F1, but Bernie is still at the head of the table. Did he actually say he'll retire or has that line been assumed?



#24 v@sh

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Posted 06 October 2015 - 20:14

If Mateschitz takes over, that's me done.

 

Why? because you're one of the RB haters on this board?

 

You haven't even seen his ideas if he did buy F1 and you're already dismissing it. He brought back Austria for one so who says he won't bring back more classic tracks rather than go to places like Baku, he would probably bring back engines that fans want for another. Better a change in F1 because clearly F1 is heading towards it's own death as it is. 



#25 Marklar

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Posted 06 October 2015 - 20:19

What if someone buys F1, but Bernie is still at the head of the table. Did he actually say he'll retire or has that line been assumed?

Nope, he wont sell his stake and as mentioned in the OP it is reported that he will probably remain in F1.

#26 superden

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Posted 06 October 2015 - 20:20

Because you're one of the RB haters on this board?


1. Yawn.
2. Get over yourself.
3. I assume you are an RB fanboy.
4. He probably isn't a buyer anyway.
5. I don't like the way RB run events.
6. Whatever his plans, see point 5.

Not all fans what the same thing, even with regard to engines, so don't assume you speak for us all. Also, the word hater made me ignore the remainder of your post. It's nothing personal, it's just the use of that word makes me want to kill the offender with a blunt spoon and some P80 sandpaper.

Edited by superden, 06 October 2015 - 20:24.


#27 vista

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Posted 06 October 2015 - 20:20

All I want to know is.. Will a new ownership alter the absolutely idiotic rule-decision structure we have now? Otherwise, it doesn't matter..



#28 RedBaron

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Posted 06 October 2015 - 20:21

Nope, he wont sell his stake and as mentioned in the OP it is reported that he will probably remain in F1.

 

 

Oh yeh you did mention that, my bad  :stoned:



#29 Marklar

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Posted 06 October 2015 - 20:25

Oh yeh you did mention that, my bad  :stoned:

   ;)

 

We wont get a rid off Bernie until this guy will die...and he will probably live forever.....



#30 Doughnut King

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Posted 06 October 2015 - 20:51

The end of F1 is nigh. I can't see any change of ownership being any good.

 

The pessimist in me thinks this way, too.



#31 pdac

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Posted 06 October 2015 - 20:57

Seeing how on this forum and many others I'm sure, we all believe we know what is right for F1 and what direction it should take, I propose that we pool our money together and put in a bid.  I can spare £2.63.

 

I wish this had come up ealier. I spent £6 at Rossi's café for lunch (Ham omlette, chips and beans). I only have £1.27 left to put in. I'll definitely add that to the pool, though.



#32 EvilPhil II

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Posted 06 October 2015 - 21:05

Perhaps Honda are buying it so they can tweak the in season development and token regulations..  Probably works out cheaper than 100 24/7 dynos running. 


Edited by EvilPhil II, 06 October 2015 - 21:06.


#33 Guizotia

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Posted 06 October 2015 - 21:08

It can only be good or neutral.

F1 couldn't be any more gouged for profit than it is at the moment, so it will either be "as-they-were" or there will be more investment.

#34 apoka

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Posted 06 October 2015 - 22:00

It can only be good or neutral.

F1 couldn't be any more gouged for profit than it is at the moment, so it will either be "as-they-were" or there will be more investment.

 

Don't be so sure. Maybe we'll see randomly distributed engines next year with Mercedes Honda and Ferrari Renault falling behind a competitive McLaren Ferrari.



#35 Donka

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Posted 06 October 2015 - 22:43

All a do about nothing I imagine.  Partial owner Norges Bank is not allowed to hold investment in a non-public company if I recall correctly.  They where brought on board as part of the flotation as was Black Rock and I believe JP Morgan; however since the IPO never happened and obviously isn't anytime soon, they have to divest themselves according to law

 

Until we hear CVC and Waddell-Reed are both selling there stakes, which would actually give the new owner over 50% stake, it's just somebody cashing out, and another cashing in looking for returns.



#36 R Soul

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Posted 06 October 2015 - 23:05

"Interesting news from Bernie Ecclestone"

 

Forgive me for being cynical, but what's he trying to distract us from? Or is he copying Mosely and trying to get people to beg him to stay?



#37 404KF2

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Posted 06 October 2015 - 23:38

I'll pay 2 Canadian cents towards ownership.  That's like negative one US cent.



#38 YoungGun

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Posted 06 October 2015 - 23:41

So Eccelstone and Mateschitz are trading places?



#39 saudoso

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Posted 06 October 2015 - 23:49

Commercial rights holder <> Ruling body <=> FOM <> FIA

 

If it was the same Bernie would have ditched the Hybrid V6 long ago, right about the first time he saw an engine revving.



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#40 Wuzak

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Posted 07 October 2015 - 00:40

Anyone who invests in FOM will not become the new owners of F1.

 

They will become the holders, or part holders, of a lease.

 

The FIA will still own F1.



#41 loki

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Posted 07 October 2015 - 02:32

Anyone who invests in FOM will not become the new owners of F1.

 

They will become the holders, or part holders, of a lease.

 

The FIA will still own F1.

That's a good point and more specifically they will own the rights to profit from the commercial revenue of the sport.



#42 HoldenRT

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Posted 07 October 2015 - 04:07

If Mateschitz takes over, that's me done.

 

Wow, I just had flashbacks to all of those crybabies who said things like this during the Redbull/Vettel title reign about 3 or 4 years ago, were you one of them?

 

People who'd say stuff like this like it were some kind of blackmail or ultimatum or something.  It's not the same thing as doing one of those grand topics dedicated all to yourself in a final.. "I'm about to leave so give me lots of attention and feel sorry for me" things.. but it's along the same lines.

 

I've whinged about modern F1 quite a lot at times, but 90% has nothing to do with Mercedes winning, or Redbull winning, and even if it were.. I'd never even think about some sort of comment like "if this happens, I'll do this or that".

 

If I did, I'd think of myself as pathetic.. and while I do like to whinge sometimes and have been known to type out a long rant or two, one needs to have standards!

 

In this case, to the very least.. up until the point where you see if the change is a positive or negative one.  Similar to the start of a season, so many people like to talk and talk and talk.. and sometimes you can't really say anything until you wait and see.
 



#43 Kalmake

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Posted 07 October 2015 - 04:46

Why? because you're one of the RB haters on this board?

 

You haven't even seen his ideas if he did buy F1 and you're already dismissing it. He brought back Austria for one so who says he won't bring back more classic tracks rather than go to places like Baku, he would probably bring back engines that fans want for another. Better a change in F1 because clearly F1 is heading towards it's own death as it is. 

Austria was a classic track in before Tilke modernized it in the 90s. It was brought back because Red Bull/DM paid for it to have their home GP. As the owner of F1, is he going to pay for hosting GPs? That would be quite a turn in the business model.

 

Bernie too would bring back the old engines if he could. No change there.



#44 AyrtonSauna

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Posted 07 October 2015 - 04:51

Lets face it.Any sort of change in ownership can't possibly be worse than what we have now.

New owners should nuture the investment for the love of the sport.Invest in F1 and give more money to the teams instead of taking as much as possible.The billion dollar revenues are mind blowing when you think about how little money is being put back into the sport by the greedy owners.Give back to the fans that are crucial for F1 survival and make F1 free to air instead of turning it into a niche sport for pay viewers only.No wonder all the sponsorship money is drying up with less viewers.

 

If they just put the sport of F1 first rather than profits,owners will find that reinvestment into the product will double or triple the revenues,bring back the sponsors and the fans.



#45 OO7

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Posted 07 October 2015 - 05:06

I wish this had come up ealier. I spent £6 at Rossi's café for lunch (Ham omlette, chips and beans). I only have £1.27 left to put in. I'll definitely add that to the pool, though.

Much appreciated pdac, we are well on our way now.  Considering Jon's $1.47 (USD? which is 66p) we now have £4.56.

 

BTW, you were in Valentino Rossi's café, where Lewis Hamilton made you an omelette with chips and beans!  The service must have been fast.



#46 LuckyStrike1

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Posted 07 October 2015 - 05:12

If Mateschitz takes over, that's me done.

 

 

That would actually be better for F1 than either the current alternative or the three new possible alternatives. The current owners have created the mess F1 currently is in, and any new investmenet company would do just the same. 

 

What's needed is an individual with an interest beyond the short term financial one. 

 

Anyway, you're not done. I suspect you will be one of the last leaving.  :wave:   ;)



#47 Tourgott

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Posted 07 October 2015 - 05:39

I really hope it is Mateschitz. It's the only way to get F1 back on the right path.



#48 Wuzak

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Posted 07 October 2015 - 06:20

That would actually be better for F1 than either the current alternative or the three new possible alternatives. The current owners have created the mess F1 currently is in, and any new investmenet company would do just the same. 

 

What's needed is an individual with an interest beyond the short term financial one. 

 

Anyway, you're not done. I suspect you will be one of the last leaving.  :wave:   ;)

 

What is needed is that the 100 year lease bullshit is negated and the FIA can do what most sports do throughout the world - periodically put the commercial rights to tender, the monies from which added to (smaller) race hosting fees will be distributed among the competitors.

 

As a non-profit organisation, the FIA can give almost all of the income to the teams, keeping some for administration purposes.

 

Advertising at the tracks would be between the individual promoters and the sponsors.

 

The commercial rights will give the exclusive rights to the broadcasting of F1, which could then be sold onto TV, internet, radio, or whatever, companies.

 

The FIA would lose the unwieldy governance structure where the teams, or at least some of them, dictate the rules. They could formulate the rules themselves, with consultations with the teams and manufacturers.



#49 FredF1

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Posted 07 October 2015 - 07:24

The pessimist in me thinks this way, too.

 

 

The apathetic in me couldn't care less which fool gets parted from their money for the dubious honour of owning F1. It'll be "Meet the new boss, same as the old boss."



#50 GrumpyYoungMan

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Posted 07 October 2015 - 07:47

If Mateschitz takes over, that's me done.

Me too! I will not be watching Formula Red Bull... (I personally like the V6T's and the where its heading with the technology - there is more I like than I dislike...)