Robin Saunders is tipped to have involved Bernie Ecclestone in her plan to snap up three banks' majority share of F1. It would involve the teams, mostly backed by carmakers, repaying the debt.
Ecclestone, 74, is thought keen on the plan, that would keep him at the helm, with his 25 per cent share intact, and – as is his desire – with the teams, not banks, owning F1.
Saunders, a controversial former bank executive, met Bernie when she intervened in the 'euro bond' issue in 1999.
Meanwhile, a BSkyB spokesman insisted that the Rupert Murdoch-owned TV company has 'no current plans' to launch a rival bid for F1. On the other hand, a former CFO for NTL – John Gregg – was named as possibly involved in another.
And, in the Financial Times, someone 'close to Saunders' denied that her company was looking into the formula one buyout.