Formula One's $12bn IPO on Track
Private equity firm CVC Capital is targeting a $12bn (£7.8bn) market capitalisation for Formula One in its planned flotation on the Singapore stock exchange, according to a source close to the company.

Malfunctioning McLaren require fast fix for Spanish Grand Prix
Fernando Alonso is the man to beat this season, says Lewis Hamilton
Sebastian Vettel shouldn’t worry - as Ayrton Senna said ‘we are competing to win’
Valentino Rossi is back to his best to save stagnant MotoGP
Just imagine if team orders saw Robin Van Persie score and not Wayne Rooney
Private equity firm CVC Capital is targeting a $12bn (£7.8bn) market capitalisation for Formula One in its planned flotation on the Singapore stock exchange, according to a source close to the company.
Team orders or individual brilliance? Which should come out on top?
Finally the paddock in Japan found a new topic of conversation yesterday, albeit only tangentially removed from Lewis Hamilton's move to Mercedes, when Michael Schumacher announced his second and surely final, retirement from the sport.
I am driving through London in summer. There is no traffic. The sun is out, the roof is down, and a bus driver who has been edging aggressively close leans out of the window and says: "Madam, I like your car!"
Jenson Button has insisted he is not yet ready to back Lewis Hamilton's bid for the Formula One championship.
Lewis Hamilton is sceptical of claims made by Fernando Alonso that the British driver would be welcome at Ferrari. Hamilton's contract runs out at the end of the season and there will be a vacancy at Ferrari, because Alonso's team-mate Felipe Massa is unlikely to have his agreement renewed.
When Alonso was asked if he would be prepared to work with Hamilton again he offered a magnanimous shrug and said: "No problem."
But when Hamilton was told of this he said: "Of course he [Alonso] is going to say that. I would say the same thing, whether it was true or not."
There was friction between the two drivers when they were together at McLaren in 2007, when Alonso – the world champion in the previous two seasons – was blown away by Hamilton in his brilliant rookie season.
While it would be true to say that McLaren's stern management structure at that time was not ideally suited to Alonso's temperament, it is equally true to point out that Alonso would not welcome back his old adversary in the biggest team in Formula One. There are also persistent rumours that Alonso's long-term partner in the red car will be another world champion, Sebastian Vettel.
Ron Dennis, McLaren's executive chairman, said in Canada earlier this month that Hamilton's five-year deal (worth an estimated £75m) was signed in a very different economic climate, suggesting that his star driver may be asked to make a pay cut.
Hamilton said on Thursday: "Ron is a very tough negotiator. He was very tough when they negotiated the contract that I now have and I expect him to be the same when we go back in."
But Hamilton insisted that he – and not his management agency, XIX Entertainment – will decide when contract talks will start.
He said: "I did not hire them to do all that. That is why Simon [Fuller] is not here all the time but I know at some point I will have to say to him that I need him to do a job, and he will go and do it. Up until then I have to focus on the important stuff.
"They [negotiations] haven't started. Ron was just trying to position himself because he knows it is getting close. I just have to wait for things to fall into place. At some stage they will."
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Tags: Lewis Hamilton, Fernando Alonso, McLaren, Ferrari, Formula One 2012, Formula One, Motor sport, Sport
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