News Details
Liberty Media share offer, not taken up by F1 teams
F1 teams have rebuffed the chance to become shareholders in the sport, an offer that was proffered up by new majority owners Liberty Media recently. Having now completed their takeover of F1, Liberty has made the first steps towards showing the teams that they are important to the future of the sport, by allowing them the chance to purchase up to a 20% stake in the commercial rights. However, teams would have no right to vote or influence the decision-making process as part of the arrangement, and that fact appears to have been a deal breaker for the F1 squads. Liberty Media had set aside $400 million of shares in Formula 1 for teams to purchase, which they will hold onto for six months...
Full Story »
Full Story »
8y ago from TheCheckeredFlag.co.uk
0
You May Also Be Interested In...
Liberty Media completes purchase of Formula 1
The Liberty Media Corporation have announced they have completed the...
8y ago from TheCheckeredFlag....
Liberty Media completes purchase of F1
Liberty Media Corporation and Delta Topco, the parent company of Formula...
8y ago from Pitpass.com
F1 changes: What do they mean?
Formula 1 was already set for a new era on the track in 2017 before this...
8y ago from SkySports.com
FIA welcomes Liberty Media's takeover
– Formula 1's governing body, the FIA, has welcomed Liberty Media's...
8y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Takaaki Nakagami fills in for injured Luca Marini at...
No description available...
2d ago from Motorsport.com
Why Marc Marquez stressed his Ducati is identical to...
No description available...
4d ago from Motorsport.com
Toprak Razgatlioglu shares his ‘biggest dream'...
Following the announcement of Toprak Razgatlioglu's move to MotoGP in...
2d ago from MotorsportWeek.c...
Superbike legend Toprak Razgatlioglu signs with Pramac...
No description available...
5d ago from Motorsport.com
Popular On IndyCarToday.com
Video: Harrowing crash takes out Josef Newgarden,...
No description available...
8h ago from Motorsport.com
Kyle Kirkwood avoids incidents, wins late duel for...
No description available...
6h ago from Motorsport.com
IndyCar Gateway – Race Results
The NTT IndyCar Series made a trip to the St. Louis area for the first...
7h ago from MotorsportWeek.c...
Kyle Kirkwood earns unlikely IndyCar win under the...
IndyCar’s first night race in multiple years served up the action, as...
7h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
3d ago from Motorsport.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
5d ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Update: Latest info on 75m striker as more clubs rival...
The Viktor Gyokeres transfer saga continues to prove a complicated one,...
40m ago from CaughtOffside.com
'That’s going to play a part': Arsenal want...
Crystal Palace defender Marc Guehi has been linked with a move away from...
1h ago from CaughtOffside.com
Arsenal ready to beat Barcelona to key signing by...
Arsenal are reportedly keen to beat Barcelona in signing Athletic Bilbao...
1h ago from SportsKeeda.com
Arsenal and Manchester United suffer blow as European...
Juventus are preparing to sign Manchester United and Arsenal target Viktor...
5h ago from SportsKeeda.com
Comments
Hottest News
F1 Canadian Grand Prix 2025 results: Final classification...
The FIA have confirmed the final classification... Read More »
4h ago from GPFans.com
Aston Martin’s shock plan: snagging Russell to lead 2026...
Aston Martin has set its sights on a bold move to... Read More »
50m ago from F1i.com
FIA announce outcome of LATE Red Bull protest at Canadian...
The FIA have announced the outcome of Red Bull's... Read More »
6h ago from GPFans.com
