Russian oligarch wanted to buy Formula 1 to his grandson

The executive director of the Royal Motorsport Series, Bernie Ecclestone, spoke about the desire of a certain wealthy Russian to purchase Formula 1.

The Russian oligarch wanted to buy Formula 1 for his grandson, but was refused.

“He would have everything under control, like a little dictator, but he didn’t know what to do. This worried me,” the portal quotes Ecclestone Motorsport total.

The Briton is sure that in business one must beware of such proposals. “There are tens of millions of potential buyers. But as soon as you say the phrase, “Here is a pen, sign,” they immediately disappear,” he noted.

Formula 1 general promoter Bernie Ecclestone will turn 85. Journalists are constantly speculating about who could replace him.

The journalist's list of potential candidates included: Red Bull Racing head Christian Horner, English Premier League executive director Richard Scudamore and former Formula 1 driver Gerhard Berger.