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Ferrari comments on F1 buyout speculation

NEWS STORY
04/05/2011

With opinion polarised as to how seriously one should take the talk of a buyout of the sport's commercial rights, Ferrari, which would appear to be knee-deep in the speculation, has finally spoken out. Sort of.

Following on from the claim that Rupert Murdoch's News Corporation might be involved in a possible buyout, along with Carlos Slim and an unspecified car manufacturer, yesterday it was claimed that EXOR, one of Europe's largest listed investment companies, and which is majority owned by the Agnelli family, founders of Fiat, might also want a bit of the action.

Tonight, claiming that it is merely reacting to media requests for a response on the matter, a Maranello spokesman told the Ferrari website: "We have no comment to make, partly because we are not directly involved at the moment.

"All we can do is repeat what has already been said so often in the past," they added, "Ferrari stresses the importance of ensuring the long term stability and development of Formula 1."

A comment which would appear to pose more questions than its answers. But then again, surely that's the point.

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