News Details
Liberty Media begins $8billion F1 takeover
American media giant Liberty Media has revealed its first step towards a takeover of Formula 1, which will cost $8billion in total. Liberty Media will take an 18.7 percent stake in F1 in the short term. The initial step is a $1.1billion cash deal, with Chase Carey – the executive vice chairman of 21st Century Fox – to be installed as F1’s new chairman. “I am thrilled to take up the role of Chairman of Formula One and have the opportunity to work alongside Bernie Ecclestone, CVC, and the Liberty Media team,” said Carey. “I greatly admire Formula One as a unique global sports entertainment franchise attracting hundreds of millions of fans each season from all around the world. I...
Full Story »
Full Story »
8y ago from Motorsport.com
0
You May Also Be Interested In...
Teams downplay talk of Ecclestone exit from F1
Formula 1 teams have downplayed talk that Bernie Ecclestone could be about...
8y ago from Motorsport.com
Ecclestone overseeing sale of F1 to US firm Liberty...
Formula One commercial chief Bernie Ecclestone said Wednesday he is...
8y ago from F1Pulse.com
Liberty Media on verge of launching £6.4bn bid for F1
XPB Images
Liberty Media, the American media company owned by...
8y ago from F1i.com
Formula 1 sale to Liberty Media to go ahead next week
A sale of Formula 1 to Liberty Media is to go ahead next week, respected...
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...
13h ago from MotorsportWeek.c...
Fabio Quartararo injures shoulder in practice crash at...
No description available...
11h ago from Motorsport.com
Former WorldSBK champion explains changes Toprak...
Former MotoGP rider Ben Spies expects Toprak Razgatlioglu must...
12h ago from MotorsportWeek.c...
Why MotoGP riders like Francesco Bagnaia face a...
No description available...
15h ago from Motorsport.com
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...
4h ago from MotorsportWeek.c...
Michael Cannon already strengthening DCR team –...
Rinus VeeKay is already noticing the impact engineer Michael Cannon is...
8h 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
Arsenal agree personal terms with 21-year-old Premier...
Arsenal are looking to add quality to Mikel Arteta's squad, and with one...
7h ago from CaughtOffside.com
'It will definitely be a busy one' - Jurrien Timber...
Arsenal star Jurrien Timber shared his predictions for the club's summer...
9h ago from SportsKeeda.com
‘It can be a really lonely journey’: Myles...
cia Lewis has handled her son’s stellar rise by becoming an agent and...
11h ago from TheGuardian.com
Former Chelsea star handed 5-year ban from football...
Ex-Chelsea midfielder Geremi has been slapped with a five-year ban by the...
12h ago from SportsKeeda.com
Comments
Hottest News
Daniel Ricciardo SLAMMED by F1 fans for 'embarrassing' new...
Daniel Ricciardo has been slammed by F1 fans... Read More »
7h ago from GPFans.com
Meet Antonello Coletta - Lewis Hamilton's 'soon-to-be' new...
Ferrari F1 team are in crisis. They may not want... Read More »
16h ago from GPFans.com
F1 Recap: Lando Norris handed harsh McLaren warning as...
Lando Norris has been handed a warning having hit... Read More »
5h ago from GPFans.com
