Rupert Murdoch

We first heard rumblings that the commercial rights to the highest echelon of motorsports, Formula 1, might be for sale last month, and within weeks of that original report we received official confirmation that a consortium led by the Exor investment group and Rupert Murdoch’s News Corporation is planning to approach minority partners and key stakeholders of the sport about a possible purchase. Exor, as some of you may already know, is run by the Agnelli family and its scion John Elkann. The Agnelli family also happens to be the biggest stakeholder of Fiat, which in turn is the parent...