419], with highest values in the group of ballet dancers during the SLEC
is a holding company owning all the rights in the Formula One Group.
Speed and SLEC
are challenging the appointment by Bambino two years ago of Swiss nationals Luc Argand and Emmanuele Argand-Rey as directors of FOH.
The GPWC will also have three directors on the SLEC
board enabling it 'to contribute its expert knowledge to the sport and to support its long-term success'.
Due to its reputation as an aged-care service provider, SLEC
will provide guidance and feedback on the software development process.
2 percent stake in F1's parent company SLEC
Holdings to CVC, the paper said.
Hong Kong-based Hutchison Whampoa is understood to have held talks about acquiring a 75% stake in SLEC
, the holding company for the subsidiaries that own the commercial rights to Formula 1.
Following the conclusion of the 1997 agreement which allocates F1 teams a share of the broadcast receipts, Ecclestone restructured his companies in preparation for the flotation of the business and a new holding company called SLEC
(after his wife Slavica Ecclestone, a Croatian model who is 28 years his junior) was formed.
The GPWC (GrandPrix World Championship) organisation, made up of the five car manufacturers threatening to set-up a rival series from 2008,have reached agreement with Ecclestone and the banks which have a 75 per cent shareholding in SLEC
, theFormula One holding company.
The GPWC organisation, made up of the five car manufacturers threatening to set-up a rival series from 2008, have reached agreement with Ecclestone and the banks which have a 75-PER-CENT shareholding in SLEC
, the Formula One holding company.
Nevertheless, Kirch may end up having to share its lucrative pie with car manufacturers, who are threatening to pull out in 2007 when their contracts expire and set up a rival circuit unless they get a sizable chunk of the Kirch-controlled SLEC
, which markets F1.