News Details
Liberty Media in $4.4billion takeover of Formula 1
Liberty Media, a United States-based firm headed by media tycoon John Malone, have confirmed that they are in the process of purchasing Formula 1 in a deal said to be worth in excess of $4.4billion. The deal will see CVC Capital Partners, who have owned the championship since 2005, remain with a percentage of the Liberty Media Group shares, but will not have any control of voting shares. Liberty Media already have sporting interests in the United States with the Atlanta Braves baseball team and in satellite radio in the form of Sirius XM, and the first portion of the deal to take over Formula 1 will gain them an 18.7 percent stake, while the rest to be handed over when the deal gets closed...
Full Story »
Full Story »
9y ago from TheCheckeredFlag.co.uk
0
You May Also Be Interested In...
Liberty Media agrees to purchase F1
XPB Images
Liberty Media has agreed to purchase Formula One...
9y ago from F1i.com
Liberty Media begins $8billion F1 takeover
American media giant Liberty Media has revealed its first step towards a...
9y ago from Motorsport.com
Liberty Media F1 takeover could be days away
Formula 1 sale's to Liberty Media is on the verge of being completed, with...
9y ago from Motorsport.com
Agag: “I know nothing about” F1 takeover
Formula E CEO Alejandro Agag denies being approached to replace Bernie...
9y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin: ‘I could have fought Marc Marquez till...
No description available...
17h ago from Motorsport.com
Marc Marquez set to return on a motorcycle after long...
No description available...
22h ago from Motorsport.com
Why MotoGP hails 2025 season as a...
MotoGP promoter Dorna Sports has described the conclusion of the 2025...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
1d ago from MotorsportWeek.c...
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
2d ago from Motorsport.com
FOX Sports, IndyCar reveal broadcast schedule for 2026...
No description available...
3d ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
1d ago from MotorsportWeek.c...
Romet Jürgenson to compete in opening three WRC2...
The rising Estonian talent is joined by co-driver Siim Oja and start...
1d ago from MotorsportWeek.c...
Toyota brings Corolla back to rallying with all-new...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Chelsea plan to steal ‘pretty special' playmaker...
Chelsea are interested in signing the Genk midfielder Konstantinos...
12h ago from CaughtOffside.com
'What a massive player he is for us' - Mikel Arteta...
Arsenal manager Mikel Arteta was full of praise for Declan Rice after...
19h ago from SportsKeeda.com
'That's true, yes': Transfer expert confirms Arsenal...
Arsenal are reportedly interested in signing the Borussia Dortmund...
20h ago from CaughtOffside.com
Contact made: Berta leading talks as Arsenal prepare...
Arsenal are looking to improve the midfield unit with the signing of...
21h ago from CaughtOffside.com
Comments
Hottest News
F1 News Today: Lewis Hamilton's career picked apart as...
F1 world champion Jacques Villeneuve has launched... Read More »
1h ago from GPFans.com
Vasseur considering engineer switch for Hamilton
Dec.22 Ferrari boss Frederic Vasseur has openly... Read More »
18m ago from OneStopStrategy.com
Verstappen spells out ‘number 2' Red Bull hierarchy
Dec.22 As Isack Hadjar gets ready for his first... Read More »
18m ago from OneStopStrategy.com
