Formula One float may be back on track
In an interview with the official formula1.com website ahead of Sunday’s season-opening race in Australia, Ecclestone said: “Last year I thought that the markets were not ready, but now it is getting more likely that there is an opportunity.”
He added: “In the next three months or so somebody will have to decide yes or no.”
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Hide AdThe owners of Formula One, which include private equity firm CVC and investment group BlackRock, had been preparing a $3 billion (£2bn) initial public offering in Singapore last June. However, they decided to hold off as global markets tumbled and investor mood soured after Facebook’s plunge in value following its flotation.