Ecclestone hints at exit if Murdoch snags F1: Report

Last Updated: Monday, April 25, 2011 - 15:43

London: Formula One supremo Bernie Ecclestone is ready to quit if Rupert Murdoch`s media group succeeds in a bid to take control of the sport, the Sunday Times reported.

Ecclestone, 80, who has previously dismissed the idea of retirement, said in an interview with the newspaper: "I`m old enough to get a pension, so I don`t have to get a job. I`d have to be sure the people (who end up owning F1) are people I would like to work with and whether they would want to work with me."

A source familiar with the situation told Reuters last Tuesday that News Corporation had held early talks with Mexican billionaire Carlos Slim and at least one of the sport`s big car manufacturers about forming a consortium to acquire control.

Separate sources had previously told Reuters that private equity firm CVC, the current owner, was conducting a strategic review and could sell.

A takeover by News Corp has a clear logic but would face many challenges to secure the backing of the sport`s high profile players.

Bureau Report

First Published: Monday, April 25, 2011 - 15:43

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