Check todays hot topics and new pictures Today is: 19 April, 2014
Murdochs eyeing slice in £9billion global F1 franchise

Murdochs eyeing slice in £9billion global F1 franchiseLondon, Nov. 3  : Media mogul James Murdoch has reportedly flown to Abu Dhabi for holding top-secret talks that could spark a Formula One revolution.

Rupert Murdoch, James'' tycoon father, apparently has an interest in Grand Prix due to Sky Sports’ lavish subscription channel dedicated to the sport, and is now eyeing a bigger slice of a 9 billion pound global ­franchise.

James would be holding meetings in the paddock with leading figures from McLaren, Ferrari, Mercedes and Red Bull, the Daily Mirror reports.

According to the report, Sky have been looking to break into many different areas of the world, such as India, where F1 held only its second Grand Prix just weeks ago.

Buying into Formula One would also open the door to the Murdochs’ dismantling one of the key foundations of the sport - coverage by terrestrial television worldwide, the report said.

Speculation has ­intensified because ­Murdoch’s arrival coincides with a rare appearance in the paddock of reclusive Frenchman Jean Todt, the head of ­rule-makers FIA, it added. (ANI)


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