SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025 23:29

Eleven years after China became a stop in the Formula One motor racing calendar, a group of Chinese investors from the country now eyes to back an $8.5bn (£5.5bn) takeover bid for the sport, UK’s Sky News revealed.
According to Sky, China Media Capital (CMC) is leading a group of Chinese firms who want to invest roughly $1.5bn (£970m) in an offer being assembled by Stephen Ross, owner of the Miami Dolphins American football team.
Sky revealed that Ross’s consortium is seeking a 90-day period of exclusivity from CVC Capital Partners, F1’S controlling shareholder, to hold detailed talks with Bernie Ecclestone, F1's chief executive, and to undertake due diligence.
In addition to the Chinese investment, the proposed takeover of F1 still requires roughly another $2bn (£1.3bn) in equity to take place, with the $4bn (£2.6bn) balance of the $8.5bn price tag consisting of debt.
CMC couldn’t be reached for comment, while CVC declined to comment.
Source: Sky Sports & NetEase
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025 14:05
When New tournaments Meets New Tech, the Old Friend of Football Has New Stories
14 Jul 2025 12:36
Related coverage
Mediarex Sports raises $4.9M to develop Chinese market
15 Jul 2015
Lemo shares world dream with Chinese motor sports
29 Apr 2015
Wanda to triple film and sports revenue by 2020
21 Jul 2016
Xu Genbao set to buy a Spanish football club
13 Nov 2015
Le Sports secures global broadcast rights for CSL
23 Feb 2016
More from Yutang Sports
When New tournaments Meets New Tech, the Old Friend of Football Has New Stories
14 Jul 2025
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
A turning point for global sport: IBA President Umar Kremlev and Donald Trump Jr join forces
30 Sep 2025
Yutang Sports
Chinese website
loading...