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May 06, 2015 10:58 PM ET

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Company Overview of Formula One Administration Limited

Company Overview

Formula One Administration Limited provides information relating to Formula One. It offers Formula One news, email alerts, and feeds, as well as information relating to Formula One races, results, and teams and drivers. The company also operates an online store selling T-shirts, polo shirts, jackets and tracksuits, headwear, footwear, gifts and accessories, watches, wallets, luggage, key rings and lanyards, toys and models, flags and pennants, golf and car accessories, DVDs, photo frames, books, video games, mouse mats, document folders, writing pads, and posters. In addition, it provides race information through mobile phones. Further, Formula One Administration Ltd. offers online race tick...

6 Princes Gate

London,  SW7 1QJ

United Kingdom

Founded in 1999

Phone:

44 20 7584 6668

Fax:

44 20 7589 2191

Key Executives for Formula One Administration Limited

Chief Executive Officer
Age: 82
Compensation as of Fiscal Year 2014.

Formula One Administration Limited Key Developments

Formula One Delay Plans For IPO

Formula One Administration Limited could be forced to delay plans for an initial public providing (IPO) a second time just after two teams entered bankruptcy protection. CVC Capital Partners Limited, which owns 35.5% stake in Formula One Administration Limited is functioning with Goldman Sachs Group Inc., Morgan Stanley and UBS AG on a attainable initial public providing of the series in Singapore in early 2015.

Bonhams May Reportedly Be Sold To Poly Culture

Evert Louwman and Robert Brooks owned Bonhams & Butterfields Auctioneers Corporation may be sold to Poly Culture Group Corporation Limited (SEHK:3636). City sources said that several private equity firms including Bridgepoint Advisers Limited and Formula One Administration Limited owner, CVC Capital Partners Limited have dropped out of the sale process, leaving Poly Culture in leading position. According to the news report, the company engaged Greenhill in early 2014 to find a buyer for the business.

Norges Bank May Sell Stake In Formula One Administration

Norges Bank Investment Management may sell its stake in Formula One Administration Limited. Yngve Slyngstad, Chief Executive Officer of Norges Bank Investment, said that sovereign wealth fund made mistakes when it bought shares in Formula One and may try to sell them. He added that the fund may seek to offload the stake if corruption charges against its boss Bernie Ecclestone are not properly addressed. Formula One was not immediately available for comment to Reuters.

Recent Private Companies Transactions

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