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I don' think the future will be any brighter than the present for a few reasons and calling for CVC to get out without them receiving what they consider a good market price is dreamland stuff.
CVC Want their price.
The buyer will want their ROI.
Present operational mode will continue.
Looking into the crystal ball if CVC can unload it and BE has been talking that up recently as he does when things need a nudge or two any investor is going to demand that the cash they spend to buy in is returned to their pockets. If the buy is funded by commercially available finance and F1 starts to not deliver the cash flows that financing needs to service the debt then it is conceivable the whole lot could fall over and we have seen that before in other categories. In some ways CVC not being able to unload their shareholding could be beneficial because F1 is somewhere between a rock and a hard place at the moment.
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