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CVC boss lauds Austin race

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28/10/2015

CVC co-chairman Donald Mackenzie claims the United States Grand Prix was proof F1 can still put on a show.

"It was brilliant, wasn't it?" he told Motorsport.com. "It often happens when it rains.

"I was pleased for Lewis, and also for the fans," he added. "I came from England, I was worried about coming all this way and it not happening! So it was great that it came off, and it was a brilliant race.

"It also shows you that with the right ingredients, F1 is still fantastic. You saw that the Red Bulls with less power and more grip were right up the front, until the slicks came on."

His company having reaped billions from the sport without actually investing a single cent in it, it is hardly surprising that McKenzie is so enthusiastic about the race. On the other hand, had the event been cancelled due to the weather it is unlikely the Briton would be quite so vocal.

Buoyed by a thoroughly entertaining race, McKenzie was also keen to scotch rumours that CVC is pondering selling its stake in the sport any time soon.

"We're not obliged to sell," he said. "It's unlikely that we'll be here forever, but we're definitely not obliged to sell. Bernie often says things he doesn't mean."

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1. Posted by Peter Rickitt, 28/10/2015 17:54

"So " Bernie often says things he doesn't mean " - from the horse's mouth: given the diarrhoaetic flow of cash that Mr. McKenzie has reaped from F1, I may have the wrong end.
Well, I never.
Not a very helpful comment for Bernie in the context of his arguments with HMRC , German prosecutors and (upcoming) EU Commission: CVC may " not be obliged to sell " ( a McKenzie ' thing he doesn't mean'? - given that all venture capital funds have a finite life), but they would be, Bernie, if you withdrew your support.
So, come on birthday boy (happy 85th returns today); pull another stroke and sell F! to a long-term investor: = a government = a sovereign fund = arab state (Bahrain,Qatar and Saudi are the obvious, but politically sensitive - Jordan would be nice, given former King Hussein's motor interest, but is poor), China (our 'new' friend but historic connection) or Scandinavia (no conflicting manufacturer, a motorsport heritage and enormous sovereign funds) - given their long-term psyche, the last two is where you should look. Any corporate entity (however large or private) is subject, regrettably, to short-term or external (ie. banks, family or shareholder) pressure and thus unstable.
Show you are still as good a dealmaker as you are reputed to be.
Happy Birthday ! "

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2. Posted by Spindoctor, 28/10/2015 17:00

"Redolent of geese, Golden Eggs etc....."

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