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 »
7y 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...
7y ago from Motorsport.com
Ecclestone overseeing sale of F1 to US firm Liberty...
Formula One commercial chief Bernie Ecclestone said Wednesday he is...
7y 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...
7y 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...
7y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Quartararo: Yamaha MotoGP satellite team "must be...
No description available...
1h ago from Motorsport.com
Pedrosa says 'unexpected' MotoGP return pushed by...
No description available...
2h ago from Motorsport.com
What is a wildcard in MotoGP and why is it used?
No description available...
4h ago from Motorsport.com
Fernandez to ride 2024 Aprilia MotoGP bike from Jerez...
Trackhouse Aprilia rider Raul Fernandez will ride the 2024 spec bike when...
3h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
McLaughlin disputes IndyCar's claim that rules...
Scott McLaughlin was one of the two Team Penske IndyCar drivers that were...
11h ago from MotorsportWeek.c...
McLaughlin issues statement following St. Pete...
No description available...
11h ago from Motorsport.com
Full-time IndyCar move “an option” says supersub...
No description available...
14h ago from Motorsport.com
O’Ward retroactively given St. Pete win after Team...
The NTT IndyCar Series announced on Wednesday that all three Team Penske...
22h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Ford simulator boosting M-Sport WRC Puma performances
No description available...
1d ago from Motorsport.com
Auction raises more than 50K for Craig Breen Foundation
No description available...
23h ago from Motorsport.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
2d ago from Motorsport.com
ERC star Sesks secures WRC Rally1 graduation with...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Chelsea superstar ruled out of rest of 2023-24...
No description available...
2h ago from SportsKeeda.com
Arsenal join the race to sign playmaker with 10 goal...
Arsenal have been linked with a move for the Shakhtar Donetsk midfielder...
2h ago from CaughtOffside.com
'It looks a bit crass' - Mesut Ozil trying to emulate...
No description available...
6h ago from SportsKeeda.com
Spurs v Arsenal has extra edge but derby mentality may...
el Arteta’s side are chasing the title but Ange Postecoglou wants a...
1h ago from TheGuardian.com
Comments
Hottest News
Audi agree LONG-TERM F1 deal with star driver
Audi have agreed a long-term deal for the first... Read More »
5h ago from GPFans.com
Rosberg reveals financial toll of rivalry with Hamilton
Nico Rosberg recently shed light on an intriguing... Read More »
2h ago from F1i.com
Bottas defiant over F1 future as Audi doubts grow
Where will Valtteri Bottas be driving in F1 next... Read More »
55m ago from RacingNews365.com
