EM.TV AND MERCHANDISING TO RACE AWAY WITH 75% STAKE IN F-1?

          Formula One CEO Bernie Ecclestone is in "advanced
     negotiations" to sell 75% of his stake in the league to
     EM.TV & Merchandising, according to sources of Caspar-Peter
     Busse Handlesblatt of the WALL STREET JOURNAL.  Last October
     '99, Morgan Grenfell Private Equity, an investment arm of
     Deutsche Bank, paid $325M for 12.5% of Formula One's
     ultimate holding company, SLEC Holding.  Deutsche Bank "also
     took an option to buy an additional" 37.5% of SLEC.  The
     size of Morgan Grenfell's investment "suggests" that Formula
     One's "total value" is now $2.6B (WALL STREET JOURNAL, 2/9).