Formula one: Ecclestone hints at F1 float delay

Ecclestone felt the continued uncertainty on the world markets could mean proposed sale would have to be reconsidered.

MONTE CARLO: Formula One supremo Bernie Ecclestone indicated that a planned flotation of the sport on the Singapore stock exchange may have to be delayed due to the global economic crisis. Ecclestone said he felt that the continued uncertainty on the world markets could mean the proposed sale would have to be reconsidered. “The market doesn’t look too bright after that little bit of a problem with Facebook,” said Ecclestone, referring to Facebook’s recent flotation, which saw shares slump sharply. “So, I think they are going to wait and see.”

Published in The Express Tribune, May 26^th, 2012.