Rumor Rating Description
A rumor rated as 'speculation' is one that has no supporting information
A rumor rated as 'strong' is one where we received information from more than one source.
A rumor rated as 'fact' is one that has proven to be true
A rumor rated as 'false' is one that has proven to be false based on new information
These rumors are just that, RUMORS, and are not to be taken as 'fact' unless so noted.  Please visit our Hot News page for news.  If you have a rumor, or can supply more information about one listed here, e-mail us with as much supporting information as possible and we may post it. User Agreement and Disclaimer. Newer rumors supersede older ones of the same topic.  Go to our forums to discuss any rumor.
for your iPhone
for your iPad

2018 NASCAR Silly Season Page | 2018 F1 Silly Season Page | 2018 IndyCar Silly Season Page

Go to our forums to discuss this news
DATE News (chronologically)
Ecclestone invites McLaren onto F1 board - report
(GMM)  McLaren will join top-team rivals Ferrari and Red Bull on F1's board.

It had emerged last month that only Ferrari and Red Bull had been offered the special deals for the new Concorde Agreement, including the right to nominate directors for the sport's holding company.

But new reports on thisismoney.co.uk and in the Daily Mail, by the respected F1 business news writers Christian Sylt and Caroline Reid, say McLaren has also been given a seat on the board by F1 chief executive Bernie Ecclestone.

The report said the move could "dilute opposition" to Ecclestone's plans to float formula one on the Singapore stock exchange.

Sources said the floatation plans must be approved by the board.

Ecclestone told Germany's Auto Motor und Sport this week that it was his suggestion that F1 be floated in Singapore, not in London.

"Formula one is known in Singapore, and Asia is thriving.  It is a simpler market and not as restrictive," he said.

The 81-year-old said just a year ago that F1 would never float whilst under his control, because "there's no way I would sit in front of a load of shareholders".

"Let's wait and see," he now insists.

"Shareholders are always happy when they're making money.  As long as we can guarantee that, they will leave us in peace."

Rumors Archives
2000 2001 2002 2003
AutoRacing1 Inc. BBB Business Review

Search Rumors
Search Help

Banner 10000012