News Details
Taking a Liberty?
To judge by some people's reaction you would have thought that the purchase of Formula One shares by Liberty Media was akin to the reappearance of Zeus on Olympus. First of all, Liberty has not bought a controlling interest, CVC Capital Partners have been holders of the largest block of shares, but that has been just 35.5 per-cent of the total issue. Their control depended on the shares owned by Bernie Ecclestone himself and by Bambino Holdings Ltd, the trust fund set up for his daughters. The sale to Liberty Media has been welcomed mainly because Liberty is not CVC which has used F1 as a milch cow while putting back not a penny. It is an equity fund and that is how they work. It exists to...
Full Story »
Full Story »
7y ago from Pitpass.com
0
You May Also Be Interested In...
Boullier: We don't know what Liberty Media has for F1
Following the purchase of Formula 1 by Liberty Media, McLaren racing...
7y ago from PlanetF1.com
Liberty eyeing gambling as future growth area for F1
Liberty Media's Greg Maffei has revealed the areas F1's new owners are...
7y ago from Pitpass.com
Liberty eyeing gambling as one future growth area for...
Liberty Media's Greg Maffei has revealed the areas F1's new owners are...
7y ago from Pitpass.com
Liberty sees new reality in F1 future
Formula One may be at the cutting edge of technology on track, but new...
7y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Pramac's Morbidelli still "missing freedom"...
No description available...
3h ago from Motorsport.com
F1 owner Liberty Media set to finalise purchase of...
Formula 1 owner Liberty Media are in talks to buy Madrid-based company...
8h ago from MotorsportWeek.c...
Oliveira frustrated by "baby steps" as 2024...
No description available...
9h ago from Motorsport.com
F1 owner Liberty Media set to finalise purchase of...
No description available...
23h ago from Motorsport.com
Popular On IndyCarToday.com
The good, bad, and ugly of IndyCar's half-baked...
No description available...
2h ago from Motorsport.com
Rasmussen, Siegel and Simpson complete oval rookie...
No description available...
20h ago from Motorsport.com
Rosenqvist: Confidence within MSR growing with every...
Felix Rosenqvist has started off his time with Meyer Shank Racing on a...
23h ago from MotorsportWeek.c...
Rising concerns in IndyCar over PFC’s braking system
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
How WRC Rally1 teams embraced the return of the...
No description available...
2h ago from Motorsport.com
Neuville pips Tänak in Safari opener
FIA World Rally Championship leader Thierry Neuville took a slender...
2h ago from MotorsportWeek.c...
Kenya president pushing for longer WRC Safari Rally
No description available...
20m ago from Motorsport.com
Kenya launches motorsport academy to nurture future...
No description available...
6h ago from Motorsport.com
Popular On GunnersToday.com
'Going to be decided by what happens in the big...
No description available...
1h ago from SportsKeeda.com
'It's a team that deserves to be at the top' - Gael...
No description available...
1h ago from SportsKeeda.com
Transfer news: Southgate Man Utd, Liverpool CB...
This article was originally published on Fabrizio Romano’s Daily...
1h ago from CaughtOffside.com
Jamie Carragher claims Newcastle have a player better...
Former Liverpool star and Sky Sports pundit Jamie Carragher has claimed...
1h ago from CaughtOffside.com
Comments
Hottest News
Vettel CONFIRMS F1 comeback and reveals what's holding it up
Ever since Lewis Hamilton made the shock... Read More »
50m ago from GPFans.com
Top manufacturer takes HUGE step towards F1 return
A top manufacturer has taken a significant step... Read More »
6h ago from GPFans.com
Allison opens up on primary flaw of Mercedes W15
Mercedes technical director James Allison says... Read More »
1h ago from F1i.com