Murdoch to buy into F1?

(GMM) Media mogul James Murdoch is in Abu Dhabi for talks with formula one chiefs, the Mirror newspaper reports. The report said figures from top teams McLaren, Ferrari, Red Bull and Mercedes are set to meet with Murdoch, the News Corporation and Sky official.

The Mirror said Murdoch's father Rupert, arguably the world's most influential media figure, has had his interest in formula one sparked by his British channel Sky's new subscription coverage of the sport.

Now he is considering "a bigger slice" of F1, the report added.

Interestingly, FIA president Jean Todt is also in Abu Dhabi for a rare grand prix attendance. Asked if the entire future of the sport could be on the agenda, a key F1 figure is quoted as saying: "Why not?"