FIA president Jean Todt has warned the competing F1 teams – and any commercial partners who want to get involved in the future running of the sport – that they may be putting the cart before the horse when it comes to supporting plans for current commercial rights holder CVC Capital Partners to sell out to a new consortium. Todt’s observations come at the end of a month of speculative frenzy over whether Rupert Murdoch’s News Corporation, together with Italian investment consortium EXOR, might get together to make CVC an offer it cannot refuse.

Furthermore, according to the website, the New York-based Raine Group LLC – one of whose investors is the Abu Dhabi-based Mubadala investment group, which owns a stake in Mercedes Grand Prix, reportedly has around $500m to spend on sports and entertainment investments.

“The FIA is the regulator of the sport and is not involved with commercial matters,” Todt made clear last weekend.