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Sunday, 28 June 2015

BSkyB planning to takeover of Formula 1

 
 There are reports that BSkyB are considering a £4.5bn bid to take a controlling stake in Formula 1.

The Financial Times have suggested that a joint bid from the owner of the Miami Dolphins and investors from Qatar would make an offer to buy out CVC Capital's controlling stake.

However, according to the Sunday Times, the Qatari-backed consortium is only one of several potential bidders.

BSkyB and cable conglomerate Liberty Global are also said to have held informal talks with CVC over a possible takeover.

Meanwhile, under the current arrangement that runs until 2018 Sky are contracted to screen every Grand Prix, while the BBC also broadcasts half of the races live.

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