OCTOBER 4, 1999
Ecclestone buying Barcelona?
The track was built and is owned by a consortium which includes the Royal Automobil Club de Catalunya, the Montmelo town council and the regional government, known as the Generality de Catalunya. Having gained considerable international exposure from the facility for the last nine years, the locals may be interested in selling their shares. This will not only get rid of the need to pay running costs but will also raise considerable finance which could be used for other vote-winning projects. Ecclestone does not need to buy all the shares and will be happy to acquire a majority shareholding. He may even be able to fund the deal by offering the Spaniards a reduction in the annual fee for hosting the F1 Grand Prix.