Ecclestone: Formula One not for sale

BERNIE ECCLESTONE has dismissed speculation of a potential takeover of Formula One by a consortium led by News Corporation.

It has been suggested global media giant News Corp has held talks with the world’s richest man, Mexican billionaire Carlos Slim, and a leading manufacturer, rumoured to be Ferrari, with regard to the possibility of making a bid for F1.

However, Ecclestone, the chief executive of owners and commercial rights holders, venture capital company CVC, claims the story is without foundation.