Ecclestone Insists F1 Will Not Go to Hutchison
The speculation that Formula One might soon be under new ownership was correct, but contrary to reports, the sport will not be falling into Far Eastern hands, the Daily Telegraph has reported.
Bernie Ecclestone yesterday dismissed talk of a $1 billion bid from a Hong Kong-based conglomerate, Hutchison Whampoa. “I spoke to Hutchison. They sent a boy to do a man’s job. We are not interested in selling to them. We get offers like this every day, but it is not what we want for the future of F1,” Mr Ecclestone told the newspaper.