Ecclestone admits interest in buying back F1 image

(Inautonews.com/GMM) Bernie Ecclestone has admitted he is interested in buying back formula one.

The F1 chief executive currently works for the sport’s majority owner CVC, whilst retaining a small percentage of the commercial rights for himself.

It has been reported recently that Rupert Murdoch’s News Corporation in collaboration with the Fiat-linked Exor company is interested in buying F1, as are the grandee teams.

Asked if he is interested as well, Ecclestone told the International Herald Tribune: “Yes, absolutely.

“I wouldn’t buy at the price that I think CVC would sell it. But I would certainly buy at the price that they (News/Exor) want to pay.”

Ecclestone, 80, was quoted recently as saying he thinks formula one is worth between $6 and 7 billion.

He reacted: “I have never quoted anything. It may have been written, but I haven’t quoted. A gentleman never speaks about money and last night.”