For sometime now there have been rumours of Newscorp in association with Exor (a business owned by the Agnelli family that also owns Fiat and Piaggio) will be taking over Formula1, a rumour that has been denied by Bernie Ecclestone and CVC Capital Partners.  Now the Formula1 Teams Association or FOTA has said that the teams plan to speak to Newscorp and ask for a share in the F1 monies by becoming stakeholders formally.  This news contradicts the statements of Ecclestone and CVC Capital Partners.  The normally quiet Frank Williams of Williams F1 has said that the negotiations will be of Olympic proportions.