News Details
Liberty makes advance payments to teams after $1.5b liquidity boost
Formula 1’s commercial rights holder Liberty Media boosted the sport’s liquidity on Thursday and said some teams had received advance payments to help them through the COVID-19 crisis. Liberty announced in a statement it had re-attributed its stake in Live Nation Entertainment from the Formula One Group to its SiriusXM tracking stock, with $1.5 billion in net asset value going in each direction. Liberty Media president and CEO Greg Maffei told analysts on a conference call that the move was the most efficient way of putting cash into the business, with F1 getting a net cash payment of $1.4 billion. F1’s season has yet to start, with nine races called off and the first round likely to...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
F1's owner has ‘scenario for zero races', some...
Liberty Media’s President says the corporation has “scenarios for...
5y ago from MotorsportWeek.com
Liberty responds: 'Maybe do other things to help F1...
Liberty Media has already paid out an advance on the prize money to some...
5y ago from GPBlog.com
Liberty Media komt in actie: 1,4 miljard dollar...
Liberty Media has confirmed Thursday that it will lend a helping hand to...
5y ago from GPBlog.com
Wolff buys £37 million stake in Aston Martin
Mercedes Formula 1 team boss Toto Wolff has bought a £37 million stake...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez and Pedro Acosta are against MotoGP’s...
No description available...
12h ago from Motorsport.com
Patience, a major goal for Alex Marquez in 2025 MotoGP...
No description available...
13h ago from Motorsport.com
Jack Miller and Miguel Oliveira to keep sweating over...
No description available...
14h ago from Motorsport.com
MotoGP announces free 24/7 streaming service across...
MotoGP has announced a partnership with C15 studios to produce a free...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
McLaren to auction future F1, IndyCar and WEC cars in...
McLaren is to auction future F1, IndyCar and World Endurance Championship...
19h ago from MotorsportWeek.c...
Winners and losers from IndyCar’s Portland 2025...
No description available...
3d ago from Motorsport.com
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
4d ago from MotorsportWeek.c...
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How drones will change the way you watch motorsport
No description available...
1d ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
2d ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Clash with WRC scrutineer earns Ott Tanak 5-min...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Premier League: 10 things to look out for on the...
ther new era at Tottenham, De Cuyper can shine for Brighton and Aston...
6h ago from TheGuardian.com
Premier League’s big show is back, full of thrills...
bs are spending like the world is on fire but the title looks to be...
10h ago from TheGuardian.com
Eberechi Eze player profile: The star at the centre of...
Crystal Palace star Eberechi Eze has become one of the best players in the...
14h ago from CaughtOffside.com
Wayne Rooney predicts where Manchester United,...
Former Manchester United superstar Wayne Rooney has backed Liverpool to...
13h ago from SportsKeeda.com
Comments
Hottest News
Oscar Piastri warned over 'risk danger' as F1 title...
Oscar Piastri has been told not to avoid taking... Read More »
51m ago from RacingNews365.com
F1 News Today: Daniel Ricciardo addresses ‘daunting’...
Daniel Ricciardo has admitted he could face a... Read More »
22m ago from GPFans.com
Wolff hopes not to see 'energy harvesting disasters in Baku...
Ahead of the introduction of the all-new F1 power... Read More »
3h ago from F1Technical.net
