Ecclestone may quit if Murdoch takes over

Bernie Ecclestone (GBR) CEO Formula One Group (FOM). Formula One World Championship, Rd 9, European Grand Prix, Race Day, Valencia Spain, Sunday 27 June 2010.

Bernie Ecclestone

Apr.25 (PVM) Formula 1 boss Bernie Ecclestone has indicated that he may quit his post if Rupert Murdoch takes control of the sport with a consortium which is being put together.

Sunday Times quotes Ecclestone saying, “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.”

Meanwhile Reuters reports that Murdoch’s News Corporation is actively lobbying big players to be part of a consortium to buy Formula 1 from current owner CVC and already has support from Mexican billionaire Carlos Slim (reportedly the world’s richest man) and an unnamed car manufacturer which is currently involved in the sport.

According to Reuters sources, CVC is in the process of conducting a strategic review and could sell.