Stoddart: “CVC is between a rock and a hard place. If Bernie Ecclestone was forced to stand down, the Concorde Agreement would be thrown into complete turmoil." CVC "is scaling back its interest" in F1, selling stakes worth $1.6B to BlackRock Inc., Waddell & Reed Financial Inc. and Norges Bank Investment Management last year. Ecclestone’s biographer, Tom Bower, said that it "would be difficult for CVC to hold an IPO without Formula One’s chief executive officer."
Bower: “It’s not a simple matter like a normal company where you can hand over the management." Ecclestone “holds all the strings in Formula One. If he is forced out, it would be a major earthquake." BLOOMBERG