News Details
Liberty Media urges teams to have a vested interest in F1
©WRI2
Liberty Media, or the Formula One Group as we should now call it, is urging teams to invest in the sport despite their apparent reluctance to do so. The company has set aside $400 million worth of shares, offered to the teams at a price of $21.26 which represents almost a 25 percent discount to Thursday's closing stock price of Liberty Media in New York . "We think it's important to offer the teams the chance to invest in F1 and further align our interests," said Greg Maffei, Liberty's President and CEO. "We look forward to working with the teams to increase the appeal of this iconic sport and enhance the F1 business." Teams turn down Liberty offer to buy shares...
Full Story »
Full Story »
You May Also Be Interested In...
Liberty Media shareholders approve F1 takeover
Liberty Media Corp announced that its shareholders voted to approve...
9y ago from GrandPrix247.com
Liberty Media offers shares to F1 teams
Prospective Formula 1 owners Liberty Media will offer shares in the sport...
9y ago from MotorsportWeek.com
FIA approve Liberty Media takeover of Formula 1
Formula One's governing body gave its approval on Wednesday to CVC...
9y ago from GrandPrix247.com
Liberty Media stockholders approve proposals for F1...
Liberty Media has crept closer to its takeover of Formula 1 after...
9y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Alex Marquez explains why he couldn't turn down KTM...
No description available...
21h ago from Motorsport.com
Marc Marquez prefers decade-old MotoGP bikes, labels...
Marc Marquez has explained why he believes MotoGP bikes from the...
2d ago from MotorsportWeek.c...
Who has been MotoGP’s highest points scorer in the...
No description available...
2d ago from Motorsport.com
Honda chooses Luca Marini's crew chief for Fabio...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Nashville – Race Results
On Monday afternoon, following a delay due to inclement weather on...
9h ago from MotorsportWeek.c...
Alex Palou takes victory in delayed Music City Grand...
The NTT IndyCar Series completed its race around Nashville Superspeedway...
9h ago from MotorsportWeek.c...
Josef Newgarden denied home repeat victory, finishes...
No description available...
9h ago from Motorsport.com
Popular On TotalWRC.com
The important lesson Oliver Solberg put into practice...
No description available...
20h ago from Motorsport.com
What a maiden WRC win in Estonia means to Sami Pajari
No description available...
1d ago from Motorsport.com
Sami Pajari and Marko Salminen triumph on Rally Estonia
The next generation of WRC stars continued to shine in Estonia as Sami...
1d ago from MotorsportWeek.c...
WRC Estonia: Sami Pajari claims sensational maiden WRC...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal, Chelsea and Man Utd target Scott rejects new...
Alex Scott has turned down a new Bournemouth contract amid strong interest...
58m ago from SkySports.com
Sources: Transfer supremo Berta holds ‘direct...
Arsenal may have been presented with a rare opportunity to complete one of...
2h ago from CaughtOffside.com
Raising the level
Good morning everyone. Now that this pesky World Cup thing is over, we can...
1h ago from Arseblog.com
“It has to be quality” - Martin Keown names 3...
Martin Keown has urged Arsenal to sign three players in the summer before...
11h ago from SportsKeeda.com
Comments
Hottest News
Piastri blasts F1 engine software: ‘It’s a crap way of...
Formula 1’s 2026 power unit regulations have... Read More »
48m ago from F1i.com
Toto Wolff reveals 'new issue' behind mysterious George...
Toto Wolff has offered fascinating insight into... Read More »
48m ago from RacingNews365.com
Sky F1 pundit urges Red Bull to contact FIA over Toto Wolff...
One Sky F1 pundit has suggested that Red Bull... Read More »
1h ago from GPFans.com
