FEBRUARY 28, 2002
Deutsche Bank looks at F1
As we speculated a while ago, the giant Deutsche Bank may be looking to buy some of the shares of SLEC, the Formula 1 holding company, from the Kirch Group.
The proposals under discussion would result in Deutche Bank including the car manufacturers as part of the deal in the longer term. This would stop the need for manufacturers to start their own series in 2008 and would result in a new Concorde Agreement.