According to a report from the Guardian, CVC Capital Partners, the controlling group of F1, will sell some of their stake in the sport. The new investors will supposedly bring new life to the sport, which lacks any sort of social media or marketing departments. CVC feel that F1 supremo (that's pretty much his title, anyway) Bernie Ecclestone is getting too old and will continue to cause headaches as he is investigated by the UK's Her Majesty's Revenue and Customs for his clever accounting practices. Ecclestone is also facing bribery charges in Germany over the sale of F1 to CVC. Chris Horner, Red Bull team principle and long rumored to be Bernie's eventual replacement, apparently doesn't have enough corporate background to take on the job.
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