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MaineDem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-05 09:09 AM
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Ecclestone to sell interest in F1
Motor racing supremo Bernie Ecclestone and German bank BayernLB have sold their controlling stake in the Formula One Group.

The deal gives control of 75% of the company to private equity group CVC Capital Partners.

But Mr Ecclestone will continue to hold the chief executive post at Formula One Group and retain an unspecified stake in the business.

The deal brings an end to months of infighting for the control of F1.

http://news.bbc.co.uk/1/hi/business/4470378.stm
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