* 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:

* Grid Game Deadlines



* Shoutbox

Refresh History
  • 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
  • Wizzo: No its not your imagination Cal. This option has been disabled for the time being.
    December 14, 2018, 03:50:09 PM
  • Calman: Is it my imagination, or has the "Shop" dropdown option disappeared from the navigation bar at the top of the forum?
    December 13, 2018, 07:59:13 PM
  • Wizzo: Thanks for letting me know. If anyone sees this issue again then please PM me.
    October 27, 2018, 10:19:33 AM
  • lkjohnson1950: OK, ot was alittle longer than 10 hours. Had problem 8 PM 10/24, was gone at 3:30 10/25.
    October 26, 2018, 03:53:12 PM
  • lkjohnson1950: It was working fine by yesterday PM, about 10 hours after I first got it.
    October 26, 2018, 03:48:36 PM
  • Wizzo: I cannot recreate the error that you are seeing but I have replaced the file that would cause the error. Please try again and let me know how you get on.
    October 26, 2018, 12:13:28 PM
  • Wizzo: I'm looking into this at the moment. Thanks
    October 26, 2018, 11:50:19 AM
  • lkjohnson1950: Hey Wiz, when I try to post a new topic or reply to an old one, I get a screen that says parse error.
    October 25, 2018, 04:12:09 AM
  • Dare: way to go Kimi
    October 21, 2018, 11:31:06 PM

* Who's Online

  • Dot Guests: 64
  • Dot Hidden: 0
  • Dot Users: 0

There aren't any users online.

* Top Posters

cosworth151 cosworth151
15196 Posts
Scott Scott
13861 Posts
Dare Dare
12306 Posts
John S John S
10067 Posts
Ian Ian
9679 Posts

* IntentsGP Advert

pre-erected f1 camping & glamping with intentsGP

Author Topic: CVC launch investigation into 06 F1 takeover  (Read 5061 times)

Offline John S

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

  • 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?

    « 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 »
  • Publish
  • 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 »
  • Publish
  • 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.