SLEC to skrót od słów:
SLavica ECclestone
Tu trochę przypomnienia na temat niedawnej działalności Berniego:
Bernie Ecclestone przegrywa pierwszą rundę w sporze z bankami
Banki zainteresowane zatrzymaniem u władzy Ecclestone'a?
Ecclestone zawarł ugodę z bankami
Mosley oferuje Ecclestone'owi posadę w FIA
Udziały Formuły 1 nie na sprzedaż
Ecclestone i BayernLB sprzedają swoje udziały w SLEC
GPMA bliska dojścia do porozumienia z Ecclestone’em?
Ecclestone oferuje GPMA miejsca w radzie FOA
No cóż, liczyłem na większy oddźwięk
fachowców, ale skoro na razie nie ma nic ciekawego, to posłużę się wyśmiewaną przez niektórych Wikipedią. Oto co zapisano:
History
In 1974 the Formula One Constructors Association, or FOCA, was founded in order to increase commercial organisation of Formula One for the benefit of the racing teams. In 1978 Bernie Ecclestone became the executive of FOCA and fought the Fédération Internationale du Sport Automobile (FISA) for control of F1 commercial rights. Disputes were settled by March 1981 when the Concorde Agreement gave FOCA the right to negotiate TV contracts. Under previous arrangements, TV contracts were not very lucrative and were risky. When the Concorde Agreement ended in 1987, Bernie Ecclestone ceased being a team owner and established the Formula One Promotions and Administration, or FOPA, to manage TV rights for the teams. FOPA would later become known as Formula One Management. FOPA received 23% of TV revenues, 47% went to the teams, and 30% to the FIA. FOPA, however, received all the fees paid by promoters. In exchange for this FOPA paid prize money to the teams.
In 1995 the FIA decided to grant the commercial rights to F1 to Formula One Administration (managed by FOM) for a 14 year period. In exchange, Ecclestone would provide an annual payment. With FOM having exclusive rights to popular team names like Team McLaren, WilliamsF1, and Tyrrell Formula One, the aforementioned teams protested by rejecting the following Concorde Agreement in 1997. Team McLaren, WilliamsF1, Scuderia Ferrari and Renault F1 formed GPWC Holdings and threatened to form a rival racing franchise in 2008 when their current contract ends in 2007.
Ecclestone sells shares of F1
SLEC Holdings was created as the holding company of the Formula One companies in 1996 when Bernie Ecclestone transferred his ownership of Formula One businesses to his wife, SLavica ECclestone, in preparation for a 1997 flotation of the group.[3] In October 1999 Morgan Grenfell Private Equity (MGPE) acquired 12.5% of SLEC for £234 million.[4] In February 2000 Hellman and Friedman purchased a 37.5% share of SLEC for £625 million.[4] On 22 March 2000 German media company EM.TV & Merchandising purchased the 50% share held by MGPE and Hellman and Friedman for £1.1 billion.[5]
EM.TV's acquisitions caused it financial difficulties and Kirch stepped in to save the company and exercise its right to purchase another 25% of SLEC.
Due to the agreement associated with their shareholding SLEC was controlled by Kirch, who hence controlled the board of Formula One Holdings (FOH). Due to huge losses and massive expenditure, Kirch's creditors put the company into receivership in 2002. These banks dismantled the group. Kirch's share of SLEC was retained by Bayerische Landesbank, JP Morgan Chase and Lehman Brothers (through Speed Investments).
Before they could exercise their rights as shareholders they had to seek clearance from the European Commission. In the intervening period Ecclestone instituted changes in the boards of SLEC, FOH, Formula One Administration and Formula One Management which in effect put Bambino Holdings in control of those companies.
In mid-November 2004, the three banks sued Ecclestone for more control over the sport, prompting speculation that Ecclestone might altogether lose the control he has maintained for more than thirty years. A two-day hearing began on November 23, but after the proceedings had ended the following day, Justice Andrew Park announced his intention to reserve ruling for several weeks. On December 6, 2004, Park read his verdict, stating that "In [his] judgment it is clear that Speed's contentions are correct and [he] should therefore make the declarations which it requests" [2]. However, Ecclestone insisted that the verdict - seen almost universally as a legal blow to his control of Formula One - would mean "nothing at all" [3]. He stated his intention to appeal the decision.
The following day, at a meeting of team bosses at Heathrow Airport in London, Ecclestone offered the teams a total of £260,000,000 over three years in return for unanimous renewal of the Concorde Agreement, which expires in 2008 [4]. Weeks later, Gerhard Gibkowsky, a board member of Bayerische Landesbank and the chairman of SLEC, stated that the banks had no intention to remove Ecclestone from his position of control [5].
CVC acquisition
In November 2005 CVC Capital Partners announced it was to acquire the 25% and 48% shares of Bambino and Bayerische Landesbank in SLEC and acquired the shares of JP Morgan Chase in December 2005. This deal was given approval by the European Commission on March 21 2006 and finalised on March 28. Ecclestone used the proceeds of the sale of Bambino Holdings' share to invest in Alpha Prema to give the Ecclestone family an unspecified stake in Alpha Prema. [6]
On March 30 2006 CVC purchased the 14.1% share of SLEC held by Lehman Brothers to give Alpha Prema full control of the Formula One Group.
Group companies
The Group companies are subsidaries of Formula One Holdings (FOH), itself a subsidiary of SLEC Holdings. As of September 2007 the board of FOH consisted of Donald Mackenzie, Nicholas James Clarry, Sacha Jane Woodward Hill, Bernie Ecclestone and Duncan Llowarch.
Formula One Administration
Formula One Administration Ltd. or FOA holds the commercial rights to Formula One. These rights are granted to FOA by the FIA under the terms of the Concorde Agreement and are managed by Formula One Management.
In its annual accounts filed with Companies House, FOA reported turnover of $750 million and pre-tax profits of $447 million (up from $215m in 2003 and $127m in 2002). This has allowed the company to slash its debts by $347 million to $121 million. [7]
Formula One Management
Formula One Management Ltd. controls the media distribution and promotion of content regarding Formula One. The Formula One website content is managed by Formula One Management. Financially, FOM provides partial investment for tracks and teams in order to establish Formula One where its popularity may not be well established. FOM maintains the commercial rights to the team names and all media content regarding Formula One. Coordination of planning and racing events are done with the Fédération Internationale de l'Automobile or FIA.
The president of FOM is Bernie Ecclestone who has presided over the company since it has existed in its current form.
Formula One Licensing BV
Formula One Licensing BV owns the Formula One trademarks; the F1 logo, "Formula 1", "Formula One", "F1" and the "Sweeping Curves device" shown before Grands Prix.[2]
Related companies
Allsport Management
Allsport Management SA is a Swiss registered company which manages the sale of almost all Formula One trackside advertising and the Formula One Paddock Club.
Allsport Management was founded by Paddy McNally who had begun to work with Bernie Ecclestone in the late 1970s. McNally, who was a former Marlboro sponsorship consultant, came up with a solution to "tidy up" trackside advertising; This solution was called "themed advertising" where one advertiser is given total exposure at one part of the track. [6] This is in contrast to the Monaco Grand Prix, the only grand prix where Allsport is not involved, where space is sold such that multiple advertisers are visible in every picture. This is arguably less effective. [6]
In 2006 Allsport Management (and the related Allsopp Parker & Marsh companies) were acquired by the Formula One Group.[7] This deal, estimated to be worth $350m, simplified the formerly secretive structure of Formula One and means all the revenues from the sport are now paid directly into the Formula One Group. [8]
Others
Other companies include Formula One Asset Management, Formula One World Championship Ltd., Formula One Productions Ltd. and Formula One World Travel Ltd.
Źródło: Wikipedia
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Zdaję sobie sprawę, że źródło to nie jest poważnie traktowane, ale mam nadzieję, że to ono doda inspiracji do opracowania lepszych artykułów 8)
