Formula One not for sale | india | Hindustan Times
Today in New Delhi, India
May 29, 2017-Monday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Formula One not for sale

Formula One's owners said the sport was not "currently for sale" on Wednesday after Rupert Murdoch's News Corp. and Italy's Exor confirmed they were considering a joint bid.

india Updated: May 24, 2011 17:42 IST

Formula One's owners said the sport was not "currently for sale" on Wednesday after Rupert Murdoch's News Corp. and Italy's Exor confirmed they were considering a joint bid.

Private equity company CVC confirmed in a statement it had received an enquiry from News Corp and Exor, and that the companies had acknowledged Formula One was privately owned and not on the market.

"CVC can confirm that it has recently received an approach from the Exor News Corporation consortium," the statement read.

Karthikeyan sets his sights on Turkish GP
Istanbul: After successfully completing the race at the Chinese Grand Prix, Hipania's Indian driver Narain Karthikeyan has now set his sight on the upcoming Turkish Grand Prix and said the Spanish team will look to better its record at the Istanbul Park circuit this weekend.

Hispania cars, which missed all the pre-season tests and failed to qualify for the season opening Australian GP, completed the 56-lap race at the Shanghai circuit last month without any technical issues.

Hamilton looking to close the gap
Having ended Sebastian Vettel's perfect start, Lewis Hamilton heads to the Turkish GP looking for ways to close the gap on the defending champion. When Vettel won the opening two races, talk was building that the German driver's lightning-quick Red Bull would be impossible to catch until Hamilton beat him in China last month.