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Source: BBC Ceefax
Date: March 10
Subject: Ecclestone puts F1 on Stock Market
Grand Prix racing is to be floated on the Stock Market later this year, it has been announced. F1 chief Bernie Ecclestone has hired US investment partners to prepare the sport for stock market listings in London and New York by August. News of the move, which is expected to see F1 valued at around £2,5 billion, followed David Coulthard's win in the season opening Australian Grand Prix. It is likely to result in Ecclestone reaching billionaire status.