nigelbyrnes

over-worked technologist, mountain biker, sailor, drinker & walker.


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According to Mr Sylt, a large chunk of that debt [that CVC Capital Partners took out to buy the commercial rights to F1] was provided by the part-nationalised British bank, RBS - secured on the commercial rights to F1.

Hence, in the unlikely event that CVC was to default on its loans, the British taxpayer could effectively and inadvertently end up with a stake in the sport.

BBC NEWS | Business | Cost concerns rile Formula One