Founder of long-haul carrier AirAsia X Tony Fernandes delivers his keynote address during the launch of the company's prospectus in Kuala Lumpur June 10, 2013. REUTERS/Bazuki Muhammad
LONDON (Reuters) - Glamorous, high-tech and hugely profitable: With the lure of races from Monaco to Singapore, Formula One just keeps on giving so far as the money men controlling the motor sport are concerned.
The business, in which private equity firm CVC is the largest shareholder, had turnover of $1.35 billion in 2012 and generated an operating profit of $426 million once payments to its 11 teams had been deducted.
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