Lehman Brothers to put F1 share up for sale

Mar.8 (GMM) F1 could be set to get some new shareholders, amid reports that the collapsed US bank Lehman Brothers wants to sell its stake in the sport within the next two years.

The bank, which is being wound up to pay back creditors, still holds a 15 per cent stake in the majority CVC-owned holding company Delta Topco, which the Guardian newspaper said is valued at about $1.5 billion.

Lehman Brothers became a F1 shareholder in 2002, when the German media company Kirch defaulted on a loan.