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With his stranglehold on Formula One's commercial rights firmly in place, Bernie Ecclestone is more accustomed to taking money than spending it. But after
selling his prized classic car collection a couple of years ago, the F1 supremo
teamed up with Luxembourg-based Genii Capital in a bid to take over
Saab from
General Motors. With precious little time to iron out a solid business case, Ecclestone and Genii
lost out to Spyker in the Saab deal, but according to reports, that may not be the end of the road for the dynamic duo.
According to an interview Ecclestone gave with Pitpass.com shortly before the Saab deal was hammered out, Bernie and Genii - which recently
acquired a stake in the Renault F1 team - could team up together again in the future in a fresh attempt to acquire another automaker, should such an opportunity arise. And with mergers forming and collapsing seemingly every week, the two investors just might get another shot before we know it.
[Source:
Pitpass.com | Image: Clive Rose/Getty]
Bernie Ecclestone and Genii Capital looking for another carmaker to buy? originally appeared on
Autoblog on Mon, 08 Feb 2010 16:28:00 EST. Please see our
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02-08-2010, 02:00 PM
Bernie Ecclestone and Genii Capital looking for another carmaker to buy?
