News Details
Formula 1 poised for takeover by USA media conglomerate
Speculation is mounting that Formula 1 is about to be revamped by a U.S. corporate takeover that could bring new life and a higher profile for a sport that is struggling to attract new fans. Media reports suggest that F1's largest and controlling shareholder, the hedge fund CVC Capital Partners, is preparing to sell the business to U.S. media conglomerate Liberty Media for around $8.5 billion; more than four times CVC's original outlay in 2006. At last weekend's Italian Grand Prix, Formula One's commercial boss Bernie Ecclestone met with CVC co-chairman Donald Mackenzie, whose rare appearance in the paddock fueled speculation of an imminent deal. When speaking at Monza, however, the...
Full Story »
Full Story »
8y ago from GrandPrix247.com
0
You May Also Be Interested In...
Liberty Media F1 takeover could be days away
Formula 1 sale's to Liberty Media is on the verge of being completed, with...
8y ago from Motorsport.com
Agag: “I know nothing about” F1 takeover
Formula E CEO Alejandro Agag denies being approached to replace Bernie...
8y ago from FormulaSpy.com
Dithering may have cost Button a Williams seat
Although many reckon Thursday's announced that Felipe Massa is quitting...
8y ago from PlanetF1.com
Marko says Gasly to oust Kvyat reports are nonsense
Red Bull advisor Helmut Marko has slammed reports that Pierre Gasly is...
8y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Maverick Vinales fastest in second Mugello MotoGP...
Maverick Vinales impressed as he recorded the fastest time in the second...
17h ago from MotorsportWeek.c...
Fabio Quartararo injures shoulder in practice crash at...
No description available...
16h ago from Motorsport.com
Why MotoGP riders like Francesco Bagnaia face a...
No description available...
20h ago from Motorsport.com
Former WorldSBK champion explains changes Toprak...
Former MotoGP rider Ben Spies expects Toprak Razgatlioglu must...
16h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Kyle Kirkwood blasts to top in IndyCar practice from...
After finishing the season’s first short oval under the lights on...
9h ago from MotorsportWeek.c...
Michael Cannon already strengthening DCR team –...
Rinus VeeKay is already noticing the impact engineer Michael Cannon is...
13h ago from MotorsportWeek.c...
Arrow McLaren apologises for Nolan Siegel’s explicit...
No description available...
1d ago from Motorsport.com
Nolan Siegel apologizes for profanity-filled radio rant
Arrow McLaren driver Nolan Siegel has apologized for what he said over...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
2d ago from MotorsportWeek.c...
FIA approves updated bodywork rules for WRC 2027...
No description available...
1w ago from Motorsport.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Chelsea and Arsenal told to pay 90 million to sign...
Chelsea and Arsenal have to pay 90m to secure the services of Rafael Leao...
38m ago from SportsKeeda.com
‘Nightmare' Premier League winger would prefer...
Newcastle United winger Anthony Gordon has reportedly made it clear he...
1h ago from CaughtOffside.com
Premier League star wants to join Liverpool amid...
Newcastle United winger Anthony Gordon reportedly prefers a move to...
1h ago from SportsKeeda.com
Arsenal consider move for Premier League midfielder to...
Arsenal are reportedly targeting a midfield overhaul this summer, with...
2h ago from CaughtOffside.com
Comments
Hottest News
Mansell to drive newly-restored Williams FW11 at Goodwood...
Williams has announced a landmark collaboration... Read More »
59m ago from F1Technical.net
How Nico Hulkenberg came close to partnering Max Verstappen...
Red Bull's executive advisor Helmut Marko has... Read More »
29m ago from MotorsportWeek.com
Montoya: Hamilton is more hungry right now than he’s ever...
Former Formula 1 driver turned occasional pundit... Read More »
59m ago from GrandPrix247.com
