CVC set for European Commission approvalA rubber stamp will be slapped onto the sale of F1 to CVC Capital Partners by the beginning of August, according to reports.
Up to six companies are bidding to buy CVC's three-quarter stake in Dorna, the Spanish company that owns
the rights to F1's two-wheeled equivalent MotoGP.
The European Commission's approval of the F1 deal was conditional on CVC selling Dorna. The Times puts the price-tag at about $630 million - a huge profit for CVC who bought it for $82m in 1998.
Dorna has the rights to MotoGP until at least 2026.
Source GMM CAPSIS International
