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Topic: Alpha Prema


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In the News (Thu 31 Dec 09)

  
 Minardi News
Formula One has new owners after Investment group CVC yesterday confirmed their buyout of Bernie Ecclestone's stake in the sport via the group Alpha Prema UK Ltd.
Minardi News continually updated from thousands of sources around the net.
The Minardi F1X2 Team today completed its first event of 2006, with a successful programme at Mangalore Airport, north of Melbourne.
www.topix.net /formula1/minardi   (548 words)

  
 Bernie Ecclestone - Wikipedia, the free encyclopedia
Bernard Charles "Bernie" Ecclestone (born October 28, 1930 in Suffolk, United Kingdom) is the president and CEO of Formula One Management and Formula One Administration, he also owns a major stake in Alpha Prema, the parent company of the Formula One Group of companies.
Ecclestone was born in St Peter South Elham, a small town near Ipswich, Suffolk, United Kingdom, and shortly thereafter moved near London, leaving school at age 16 to work at the local gasworks and pursue his hobby, motorcycles.
Ecclestone came under fire in October 2004 when he and British Racing Drivers' Club president Jackie Stewart were unable to come to terms regarding the future British Grand Prix, causing the race to be dropped from the 2005 provisional season calendar.
en.wikipedia.org /wiki/Bernie_Ecclestone   (1467 words)

  
 Racing News and Notes, Nov. 28, 2005 - The Car Connection
The announcement stated that a new company, called Alpha Prema, will be formed to control the F1 commercial rights, and that the shareholders would be CVC, the Bambino Trust and Ecclestone (via a reinvestment) and the vaguely-named "Formula One management team." The deal must be approved by both the FIA and the EU.
Thumbnail Background: In 1999, Ecclestone sold 12.5 percent of SLEC (named for his wife, SLavica ECclestone) to Morgan Grenfell Private Equity for $325m, and 37.5 percent to Hellman and Friedman for $975m.
In a deal speculated to be in the range of $1 billion, CVC acquired the 50 percent of the company owned by German financial instutution Bayerische Landesbank and approximately 25 percent owned by the Bambino Trust, controlled by the family of F1 impresario Bernie Ecclestone.
www.thecarconnection.com /Enthusiasts/Motorsports_and_Racing/Racing_News_and_Notes_Nov_28_2005.S247.A9665.html   (1773 words)

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