News Details
Revealed: CVC's free Formula One hospitality
Formula One has handed thousands of free hospitality passes, worth an equivalent of £3.2m ($5.4m), to the private equity fund which controls the sport according to an article in the Sunday Telegraph by Christian Sylt.It is known as Fund IV and it is managed by CVC Capital which bought F1 in a leveraged buyout in 2005. It used £573m ($965.6m) from Fund IV and £650m ($1.1bn) of debt from the Royal Bank of Scotland. In March the following year F1 paid an estimated £238m ($400m) for Swiss company Allsport which operates the corporate hospitality at all but three of the 19 races.F1's hospitality area is a tented structure which is known as The Paddock Club and is adorned...
Full Story »
Full Story »
11y ago from Pitpass.com
0
You May Also Be Interested In...
Teams insist cost cap is not dead
Sahara Force India
Several Formula 1 team principals have insisted that...
11y ago from F1Zone.net
Vergne hit with £25k fine and ten-place penalty
Toro Rosso and Jean-Eric Vergne have been handed a double punishment for...
11y ago from TheF1Times.com
Vergne handed 10 place grid penalty
Jean-Eric Vergne has been handed a ten-place grid penalty for the Spanish...
11y ago from Crash.net
Ecclestone tipped to survive corruption scandal
Bernie Ecclestone in court Formula 1 insiders have tipped the sport's boss...
11y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin explains post-season surgeries: 'I...
No description available...
2h ago from Motorsport.com
Why KTM riders see encouraging signs after first day...
No description available...
4h ago from Motorsport.com
MotoGP Sepang test: Marc Marquez tops Day 1 as Fabio...
No description available...
8h ago from Motorsport.com
Fabio Quartararo to return home after breaking finger...
No description available...
8h ago from Motorsport.com
Popular On IndyCarToday.com
Reigning IndyCar champion Alex Palou gets new livery...
Chip Ganassi Racing has revealed a new livery for the #10 entry ahead of...
2h ago from MotorsportWeek.c...
IndyCar legend Dario Franchitti to race NASCAR Truck...
No description available...
3h ago from Motorsport.com
IndyCar, Monumental Sports & Entertainment partner for...
No description available...
4h ago from Motorsport.com
Nolan Siegel says pressure of contract year...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
6h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
1w ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
'He would work really well' - Pundit asks Manchester...
Former Manchester United defender Danny Simpson has urged the Red Devils...
1h ago from SportsKeeda.com
Strong chance 'highly respected' star could join...
Leon Goretzka has been linked with a move away from German champions...
3h ago from CaughtOffside.com
Not Saliba: Real Madrid eyeing ambitous move for...
Real Madrid are once again casting a close eye over the Premier League’s...
8h ago from CaughtOffside.com
Arsenal, Man City & Chelsea to enter summer...
Sandro Tonali is once again emerging as a major talking point ahead of the...
8h ago from CaughtOffside.com
Comments
Hottest News
Adrian Newey makes ‘last minute' revelation about...
Adrian Newey has revealed that a number of... Read More »
1h ago from MotorsportWeek.com
GALLERY: Williams unveils new livery for F1 2026
Williams has unveiled its livery for the FW48... Read More »
4h ago from MotorsportWeek.com
Mercedes announce new signing as Sky Sports F1 star lands...
Mercedes have announced that a Sky Sports F1... Read More »
2h ago from GPFans.com
