( CNN ) -- Formula One supremo Bernie Ecclestone has rejected reports that the elite motorsport 's owner CVC Capital Partners may sell up . Media mogul Rupert Murdoch is lining up a bid along with Mexican billionaire Carlos Slim , according to Sky News -- which is owned by Murdoch 's News Corp . But the 80-year-old Ecclestone , who runs F1 on behalf of CVC since selling his rights to the private equity firm in 2006 , said such a deal would not be in the commercial interests of the sport . `` Formula One is not for sale . And , anyway , we would not sell to a media company because it would restrict the ability to negotiate with other broadcasters , '' he told British newspaper The Times on Wednesday . Ecclestone , who first secured the rights to negotiate television contracts for races in the late 1970s , said News Corp had not made any approach to CVC . `` If they were interested for sure they would have called me and they have n't , '' he told Bloomsberg . `` If someone was to come along with an enormous offer , a lot more than it were worth , then they have to look at it . They have never talked about selling , though . '' The current Concorde Agreement between the F1 teams expires next year , and Ferrari -- one of eight marques on the grid who made a failed breakaway bid in 2009 before signing the deal -- is reportedly among the parties seeking to wrest control of the sport from Ecclestone . The British entrepreneur has been helping German prosecutors investigating Gerhard Gribkowsky , who handled F1 's sale to CVC five years ago . Gribkowsky , who has been arrested under suspicion of fraud , is a former employee of state-run BayernLB -- which had a stake in Formula One up to 2006 . `` I have been co-operating with the State Prosecution Office 's investigation of the affairs of Dr. Gribkowsky since the outset , '' Ecclestone said in a statement last week . `` When I was informed that there was a first suspicion in relation to my perceived involvement in the matter , I went to see the Senior State Prosecutor and her team in Munich earlier this month to clear up any allegations against me . `` I am confident that when the full facts have been established , I will be exonerated of blame for any wrongdoing . ''
Rupert Murdoch 's News Corp reportedly interested in buying F1 rights . The elite motorsport 's boss Bernie Ecclestone insists owner CVC will not sell . Ecclestone says media company such as Newscorp would not be a suitable buyer . He is aiding German authorities in probe of man who helped him sell F1 in 2006 .