John Elkann

It’s official. European investment group Exor, owned by Italy’s Agnelli family and headed by Agnelli scion John Elkann, the current chairman of Fiat, has confirmed that it and media giant News Corporation are investigating the possibility of a takeover bid for the commercial rights of Formula 1. There have been rumors of an F1 buyout by Rupert Murdoch’s News Corp, together with a second, unnamed investor that was initially thought to be Ferrari, for some time now. We now know that the second investor is Exor, which together with News Corp, now plans to form a consortium with...