Subscribe

Sign up for free

  • Get quick access to your favorite articles

  • Manage alerts on breaking news and favorite drivers

  • Make your voice heard with article commenting.

Autosport Plus

Discover premium content
Subscribe
Autosport Plus

F1's owners face a backlash of their own making

Formula 1's current owners face the daunting prospect of renegotiating for the next set of contract extensions with teams, a task made all the more difficult by how it was handled last time around

A little over 10 years have passed since private equity fund manager CVC Capital Partners acquired majority control of Formula One Management with the intention of utilising F1's commercial rights in order to maximise its return on investment through funds made available by a variety of institutional investors - such as the Teacher Retirement System of Texas, or Calpers, California's civil service equivalent.

CVC's planned modus operandi was to list its latest sports property on Singapore's stock exchange in 2013. The business was restructured, with Strategy Group status and premium payments being offered to five big teams in exchange for commitments to remain in F1 from 2013 through to the end of 2020. That, figured CVC, would guarantee top dollar for the IPO.

Previous article Can Ferrari F1 team salvage its 2016 season in next five weeks?
Next article Haas Formula 1 team working with Dallara to cure wing failures

More from Dieter Rencken

Vettel: Last Ferrari step back to winning F1 titles will be hardest

Vettel: Last Ferrari step back to winning F1 titles will be hardest

F1 Formula 1
Vettel: Last Ferrari step back to winning F1 titles will be hardest Vettel: Last Ferrari step back to winning F1 titles will be hardest
Revealed: What F1 teams really spent in 2017

Revealed: What F1 teams really spent in 2017

Plus
Plus
F1 Formula 1
Revealed: What F1 teams really spent in 2017 Revealed: What F1 teams really spent in 2017
Aftermath of Hamilton Baku clash Vettel's 'worst feeling' of 2017

Aftermath of Hamilton Baku clash Vettel's 'worst feeling' of 2017

F1 Formula 1
Aftermath of Hamilton Baku clash Vettel's 'worst feeling' of 2017 Aftermath of Hamilton Baku clash Vettel's 'worst feeling' of 2017
Why F1 is sitting on a timebomb of contradictions

Why F1 is sitting on a timebomb of contradictions

Plus
Plus
F1 Formula 1
Why F1 is sitting on a timebomb of contradictions Why F1 is sitting on a timebomb of contradictions
Lewis Hamilton hopes Fernando Alonso is in 2018 F1 title fight

Lewis Hamilton hopes Fernando Alonso is in 2018 F1 title fight

F1 Formula 1
Lewis Hamilton hopes Fernando Alonso is in 2018 F1 title fight Lewis Hamilton hopes Fernando Alonso is in 2018 F1 title fight
How teams lost patience with F1's new era

How teams lost patience with F1's new era

Plus
Plus
F1 Formula 1
How teams lost patience with F1's new era How teams lost patience with F1's new era
Michael Schumacher doubted himself, reveals ex-Ferrari F1 boss Todt

Michael Schumacher doubted himself, reveals ex-Ferrari F1 boss Todt

F1 Formula 1
Michael Schumacher doubted himself, reveals ex-Ferrari F1 boss Todt Michael Schumacher doubted himself, reveals ex-Ferrari F1 boss Todt
Why Todt's reign is eight years longer than planned

Why Todt's reign is eight years longer than planned

Plus
Plus
F1 Formula 1
Why Todt's reign is eight years longer than planned Why Todt's reign is eight years longer than planned

Sign up for free

  • Get quick access to your favorite articles

  • Manage alerts on breaking news and favorite drivers

  • Make your voice heard with article commenting.

Autosport Plus

Discover premium content
Subscribe