Ecclestone admits interest in buying back F1

Bernie Ecclestone has admitted he is interested in buying back Formula 1.

The F1 chief executive currently works for the sport’s majority owner CVC, whilst retaining a small percentage of the commercial rights for himself.

It has been reported recently that Rupert Murdoch’s News Corporation in collaboration with the Fiat-linked Exor company is interested in buying F1, as are the grandee teams.

Asked if he is interested as well, Ecclestone told the International Herald Tribune: “Yes, absolutely.

“I wouldn’t buy at the price that I think CVC would sell it. But I would certainly buy at the price that they (News/Exor) want to pay.”

Ecclestone, 80, was quoted recently as saying he thinks formula one is worth between $6 and 7 billion.

He reacted: “I have never quoted anything. It may have been written, but I haven’t quoted. A gentleman never speaks about money and last night.”