Ecclestone: I’ll quit if Murdoch comes in Bernie Ecclestone has hinted that he will depart Formula 1 if a takeover bid for Rupert Murdoch’s News Corporation proves successful. At present, Ecclestone serves as commercial rights holder for the sport as head of CVC Capital Partners.
First reported by Murdoch-owned Sky News last week, his group is in the initial stages of discussions for a potential takeover of the sport, potentially meaning that the United Kingdom’s television coverage could switch from free-to-air to pay-per-view.
However, Ecclestone has suggested that he would not work alongside the News Corp CEO, who is also 80 years of age.
“I'm old enough to get a pension, so I don't have to get a job,” Ecclestone told The Sunday Times. “I'd have to be sure the people are people I would like to work with and whether they would want to work with me.”
The current Concorde Agreement – which binds F1’s teams with the commercial rights holder and governing body the FIA – will expire at the end of next year.
Copyright 1999-2013 | AutoRacing1 is an
independent internet online publication and is not affiliated with, sponsored by, or endorsed
by IndyCar, NASCAR, FIA, Sprint, or any other series sponsor.
This material may not be published, broadcast, or redistributed without