collapse

* Welcome

Welcome to GPWizard F1 Forum!

GPWizard is the friendliest F1 forum you'll find anywhere. You have a host of new like-minded friends waiting to welcome you.

So what are you waiting for? Becoming a member is easy and free! Take a couple seconds out of your day and register now. We guarantee, you wont be sorry you did.

Click Here to become a full Member for Free

* User Info

 
 
Welcome, Guest. Please login or register.
Did you miss your activation email?

* Newsletter

GPWizard F1 Forum Newsletter Email address:
Weekly
Fortnightly
Monthly

* Grid Game Deadlines

Qualifying

Race

* Shoutbox

Refresh History
  • Wizzo: Hi Andy, ill look at this tomorrow.  Thanks
    May 19, 2020, 10:08:09 PM
  • Andy B: Hi Wiz, I have tried to make a donation using my UK bank account but PayPal will not accept the card as I live in NZ and have a UK card? This is not your problem but is there a way I can just pay directly with a Visa card?
    May 18, 2020, 10:41:51 PM
  • Wizzo: GPW will be down from approximately 13:30 tomorrow until the migration to the new server is complete. Once the site is "live" on the new server it could take another 24-48 hours to become accessible to all users.
    May 14, 2020, 03:18:44 PM
  • Wizzo: I've made some changes to GPW. Try it now
    April 29, 2020, 02:33:08 PM
  • lkjohnson1950: Hey Wiz, Quarantine Diaries doesn't display right for me. The bottom is cut off of the page and I can't see any post after Alia's.
    April 28, 2020, 08:13:44 PM
  • Dare: Hope your doing ok Braden...just now saw your comment. Don't be a stanger
    April 20, 2020, 04:04:18 AM
  • BraydenSoh: Hi everyone! How's life? Hope everybody still doing well!
    April 13, 2020, 03:48:17 PM
  • Wizzo: Session problem now solved. Thanks
    February 05, 2020, 09:43:41 AM
  • John S: Hey! Anyone else notice the huge number of guests on the site today - Wow!!  :yahoo:
    December 03, 2019, 08:38:00 PM
  • Wizzo: Please note: Japanese qualifying times have been updated.
    October 11, 2019, 02:05:42 PM
  • Scott: I'll be in chat for a change...hope some others will make it too.
    September 07, 2019, 08:58:16 PM
  • cosworth151: This Sunday is Mothers Day here in the States. I'll be helping with the free breakfast we do at our Amvets Post every M's Day, so I'll be popping in and out of the Chat Room
    May 10, 2019, 03:57:04 PM
  • Wizzo: Mothers day here in the UK so I will be absent in the chat room today. Have fun!
    March 31, 2019, 10:47:48 AM
  • Jericoke: For newcomers to GPWizard, make sure you check out the live chat during the race!  It's the best way to turn a dull race into a great time, and the cherry on top of a great race!  (I won't be able to attend Aussie though)
    March 15, 2019, 07:48:58 PM
  • Wizzo: The 2019 Grid Game is now open. Please check out the new rules before entering.
    February 17, 2019, 04:56:33 PM
  • John S: Glad the site is back online, we don't know how much we like it til it's gone. Thanks Wizzo.
    February 02, 2019, 09:19:33 PM
  • Calman: Glad to see you back online Wizzo.  Did the issue point to a corrupted MySQL Data Table?
    February 02, 2019, 08:53:13 PM
  • Wizzo: I apologise for the downtime. Normal service has been resumed.
    February 02, 2019, 07:53:12 PM
  • Calman: Looks like the forum is experiencing Database/Server Issues! ... will check in later tonight.
    February 01, 2019, 01:11:41 AM
  • Calman: Thanks for getting back to me on that Wizzo ... I'll look at my donations when it's re-activated, thanks!
    December 14, 2018, 09:06:39 PM

* Who's Online

  • Dot Guests: 44
  • Dot Hidden: 0
  • Dot Users: 1
  • Dot Users Online:

* Top Posters

cosworth151 cosworth151
15343 Posts
Scott Scott
13920 Posts
Dare Dare
12387 Posts
John S John S
10201 Posts
Ian Ian
9683 Posts

* IntentsGP Advert

pre-erected f1 camping & glamping with intentsGP

Author Topic: CVC launch investigation into 06 F1 takeover  (Read 5087 times)

Online John S

CVC launch investigation into 06 F1 takeover
« on: February 16, 2011, 11:15:59 AM »

Allegations of corrupt payments have led to Delta Topco & CVC probe, according to the Skynews report below. There also appears to be interest in purchasing F1 from CVC, one wonders if these expressions of interest are white knights or opportunist vultures circling?   

http://blogs.news.sky.com/kleinman/Post:eba2d256-3dc0-4563-b242-fe3f1466c141

« Last Edit: February 16, 2011, 11:21:03 AM by John S »


Racing is life - everything else is just waiting. (Steve McQueen)

Offline Jericoke

Re: CVC launch investigation into 06 F1 takeover
« Reply #1 on: February 16, 2011, 03:18:19 PM »
That was weird to read, written half as a news story, half as a first person blog entry.  Sounds like something the editor spiked.

However, I know I sometimes come across as jaded, but the idea of corruption at the top levels of F1?   :swoon:  It would be more surprising if there WASN'T any.

F1 commercial rights are Bernie's favourite play thing.  No one else understands it like he does, and wouldn't dare approach it like he does.  (I won't debate whether this is good or bad.) 

As for anyone looking to get a piece of the pie, I doubt there's any 'white knights' with a few billion dollars out for the good of the sport.  The best we can hope for are people who believe the product on the track, rather than extortive deals in the desert, is the best way to grow the sport.

Offline lkjohnson1950

Re: CVC launch investigation into 06 F1 takeover
« Reply #2 on: February 17, 2011, 05:27:04 AM »
A quick study of almost any sports franchise over the last few years shows the profit in owning one lies in buying it, holding it for a relatively short time then reselling it, not in actually operating it. I'm sure the plan for CVC was to show the value of F1, then sell it. If there is a scandal the value will drop and CVC will not realize the profit they were hoping for. Either they're innocent and anxious to profit, or they're hoping to find anything incriminating and cover it up while looking clean.

Lonny
Lonny

 


SimplePortal 2.3.6 © 2008-2014, SimplePortal
Menu Editor Pro 1.0 | Copyright 2013, Matthew Kerle