Posted on May 4, 2011
The last 24 hours have seen some interesting twists in the story of a possible takeover of Formula 1 by News Corporation. Last night we had a joint statement from News Corp and Exor, the Agnelli family company which owns a stake in FIAT and Ferrari, saying that they were “in the early stages of exploring the possibility of creating a consortium with a view to formulating a long-term plan for the development of Formula One in the interests of the participants and the fans.” They added, “Over the coming weeks and months, Exor and News Corporation will approach potential More…
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