Formula One owner CVC Capital has postponed its plans to float the sport on the market.

CVC previously delayed Formula One’s floatation on the Singapore market last year because of the bad financial economy. Instead, it opted to bring in new investors with American groups Blackrock and Waddell & Reed as well as Norway's Norges Bank, in deals that gave the sport an enterprise value of $9.1 billion, according to Reuters.

Donald Mackenzie, CVC co-chairman, said: “One day we'd like to float the company. We've got no plans to do that in the imminent future.”

A possible floatation is expected to launch after Formula One supremo Bernie Ecclestone’s current legal case has ended, with Mackenzie stating yesterday that CVC is willing to sack the CEO should he be found guilty of corruption, regarding the sale of Formula One to CVC in 2005.