CVC to saddle F1 with new debt

There are reports that the Formula One group is to pay its owner CVC Capital Partners a dividend of around $1 billion in cash, as part of a loan refinancing. This is no surprise as CVC Capital Partners has been looking for ways to release sine if the value in the F1 business at a [...]

Source: http://joesaward.wordpress.com/2012/03/27/cvc-saddles-f1-with-new-debts/

Johnny Claes David Clapham Jim Clark† Kevin Cogan Peter Collins