Formula One: Ecclestone dismisses takeover talk

Rupert Murdoch’s global media company News Corp is reported to be in discussions over a potential takeover bid.

LONDON: Rupert Murdoch’s global media company News Corp is reported to be in discussions with partners over a potential takeover bid for Formula One. However, Formula One Chief Bernie Ecclestone has dismissed the idea. “It is all rubbish,” Ecclestone countered. “Formula One is not for sale. And, anyway, we would not sell to a media company because it would restrict the ability to negotiate with other broadcasters.”



Published in The Express Tribune, April 21^st, 2011.