The $1.4 billion bond issue securitized on Formula One revenues should avoid any fallout from the row that has erupted between the company's new German owner and the big motor manufacturers, according to bankers close to the deal.

The dispute blew up in early April, when the big car makers who supply the engines for the Formula One cars - Renault, BMW, Fiat, Mercedes and Ford - threatened to set up a rival championship after failing to reach agreement over broadcasting rights after the existing deal expires in 2007.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.