A few weeks ago rumours began that Rupert Murdoch was to launch a bid for F1.
Now it is being reported that the Agnellis will launch a joint bid.
Both are Bilderberg.
Are they that confident of the outcome of current events that they think buying F1 is worth it? What timescales are they thinking of? Is WW3 really on the cards? Or just small scale regional wars?
What will proposed rise in price of oil do to F1?
But as I asked a few weeks ago, what are the politics of Bernie Ecclestone? Who does he fund and support?
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From http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/8491000/Agnelli-in-talks-with-News-Corp-over-Formula-1-bid.html
Agnelli in talks with News Corp over Formula 1 bid
The Agnelli family is in talks with Rupert Murdoch's News Corporation about launching a joint offer for Formula 1 (F1) motor racing.
By Ben Harrington 8:50PM BST 03 May 2011
Exor, an investment vehicle controlled by the Italian family, on Tuesday confirmed it had teamed up with News Corporation, chaired by Rupert Murdoch, with view to making a joint bid for F1.
Exor, which is listed on the Borsa Italiana, is a major shareholder in Fiat Group, the car manufacturer that owns the Ferrari, Maserati and Alfa Romeo luxury car brands.
Exor also owns 60pc of Italian football club Juventus and 69.8pc of property agent Cushman & Wakefield.
In a statement, the company said: "Over the coming weeks and months, Exor and News Corporation will approach potential minority partners and key stakeholders in the sport. There can be no certainty that this will lead to an approach to Formula One's current owners."
Exor is run by John Elkann, the grandson of the late industrialist Gianni Agnelli.
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