Bernie Ecclestone has expressed his strong desire to take up the reins of F1 by buying it back. Presently, the sport is headed by private equity company CVC who bought it from Bernie.
Albeit, Eccelestone sold out Formula One to CVC yet he still had the charge in his hands until the company compelled him to release the position this year given his recent bribery trial issue in Germany. However, the 83-year-old strongly feels that he would soon be back to power and he also had discussions about it with CVC chief Donald Mackenzie.
“I have already spoken to Mackenzie & I’m looking forward to it”, stated Bernie, the man who is hailed as the most instrumental figure in assuring the heightened status F1 enjoys today. “It’s viable, albeit some other firms have expressed interest as well & I won’t go for an auction. My age is not an issue here & I don’t feel any difference than how I felt 4 decades back. I am into an agreement with CVC & not with shareholders. I’ve seen some silly things about being forced out yet there is nobody in the line to take up the charge’”
Despite admitting that CVC has been really good with F1, the Formula One supremo has declared that if he buys it back, he won’t operated it as some public company.
“Our firm has been quite a fantastic investment for Donald’s company & it would mean an amazing investment opportunity for me & for anybody owning it”, Bernie stressed.
“You would be able to make huge bucks from it & hence it won’t be rough to secure financial support. I operate it now yet that won’t create much difference. It simply implies that I would need to purchase the shares.”