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F1 teams enter ownership debate

Friday, May 6, 2011

The future ownership of Formula One took on a new twist with the suggestion from teams that they should take over the commercial rights.
The sport faces a crossroads over its potential direction in light of the interest expressed this week by Rupert Murdoch’s News Corp, in tandem with Italian investment giant EXOR, run by the powerful Agnelli family, with regard to a takeover.
Then there are the negotiations regarding a new Concorde Agreement, the deal that binds together the teams, the FIA,

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