Its five years since private equity firm CVC took control of F1 and yesterday, 3 May 2011 they confirmed that they had been contacted by EXOR, an organisation backed by Newscorp with links to ferrari. As is customary in these situations CVC issued a statement of confirmation but stated that the company was not for sale.
There has been speculation for a while including statements from Bernie Eclestone who runs F1 on behalf of CVC denying there had been an approach.
Let's hope that continued speculation about the future of the sport does not detract from what is turning out to be a classic season.
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