Formula 1 chief Bernie Ecclestone has warned that it would be commercially suicidal for the sports teams if TV coverage was offered on a pay TV rather than a free-to-air basis.
Ecclestone warned the teams that they stood to lose sponsorship revenue of viewing if the sport was restricted to a pay-per-view audience.
Ecclestone has expressed strong opposition to the possibility of News Corp buying a stake in Formula 1, contending that majority shareholder CVC Capital Partners does not want to sell.Â
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19 September 2020 @ 17:00:01 UTC