Ferrari president Luca di Montezemolo on Friday again raised the possibility of a breakaway Formula One series in 2013 as the team's parent company considers taking over the sport with News Corp. Private equity firm CVC Capital Partners, which has owned the rights to F1 since 2006, has already been approached by Rupert Murdoch's News Corp., and Ferrari investor Exor. But the Concorde Agreement -- the contract between F1's commercial rights holder, governing body FIA and the participating teams that set the basis on which teams participate in the F1 championship and share in its commercial success -- expires at the end of next season. "So theoretically CVC doesn't own anything," Di Montezemolo told CNN. Read more: http://sports.espn.go.com/rpm/racing/f1/news/story?id=6541439
