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
Honda’s Joan Mir believes Ducati has given rivals a...
No description available...
10h ago from Motorsport.com
How Ducati sent a warning to its MotoGP rivals at...
No description available...
13h ago from Motorsport.com
Pedro Acosta rates Sepang MotoGP test “six out of...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
Zak Brown “would love” Indy 500 reunion with...
No description available...
1d ago from Motorsport.com
Arrow McLaren officially opens doors to new home in...
No description available...
1d ago from Motorsport.com
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
2d ago from MotorsportWeek.c...
Mick Schumacher building confidence after first...
Mick Schumacher completed his first oval laps in an IndyCar on Wednesday...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
9h ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
1d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
3d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal & Real Madrid queue for 90m star as agent...
Newcastle United midfielder Sandro Tonali has been linked with a move away...
5h ago from CaughtOffside.com
Arsenal plot summer coup for 'incredible' talent who...
Arsenal are interested in signing the Bournemouth attacker Eli Junior...
5h ago from CaughtOffside.com
Liverpool and Arsenal step up move for 75m star as...
AZ Alkmaar midfielder Kees Smit has been the name on everyone's lips over...
8h ago from CaughtOffside.com
Arsenal latest: Merson - Gunners players don't trust...
No description available...
6h ago from SkySports.com
Comments
Hottest News
F1: Engine row reaching crisis point?
Before a wheel has turned in anger, the start of... Read More »
8h ago from Pitpass.com
Lando Norris reveals 'problem' of his mum's rising fame
F1 champion Lando Norris has spoken out about the... Read More »
2h ago from GPFans.com
Christian Horner reveals why Daniel Ricciardo was never an...
Former Red Bull F1 boss Christian Horner has... Read More »
4h ago from GPFans.com
