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 »
9y 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...
9y ago from TheCheckeredFlag....
Liberty Media completes purchase of F1
Liberty Media Corporation and Delta Topco, the parent company of Formula...
9y 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...
9y ago from SkySports.com
FIA welcomes Liberty Media's takeover
– Formula 1's governing body, the FIA, has welcomed Liberty Media's...
9y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta calls for instant ban of both holeshot...
No description available...
1h ago from Motorsport.com
Jorge Martin reveals where he is struggling after...
No description available...
40m ago from Motorsport.com
Marc Marquez explains why he crashed twice in Czech GP...
No description available...
1h ago from Motorsport.com
MotoGP Czech GP: Ai Ogura leads Marco Bezzecchi in...
No description available...
3h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar to reduce hybrid power limits for remainder of...
For the remainder of the 2026 season, IndyCar will reduce the hybrid...
1d ago from MotorsportWeek.c...
Scott McLaughlin targets Road America breakthrough...
No description available...
1d ago from Motorsport.com
2024 IndyCar Rookie of the Year to serve as Honda...
Honda Racing Corporation US has announced that Linus Lundqvist has been...
2d ago from MotorsportWeek.c...
The blueprint of grit: How James Roe is grinding...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Vital step made towards USA return on 2027 WRC calendar
No description available...
3h ago from Motorsport.com
FIA president sets timeline to announce new WRC...
No description available...
1d ago from Motorsport.com
Kalle Rovanpera ready to resume motorsport career...
No description available...
3d ago from Motorsport.com
Revised gravel tyre set for WRC debut in Greece
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Tottenham weighing risky 80m gamble despite fan...
Arsenal and Tottenham Hotspur are looking to sign Mason Greenwood from...
2h ago from CaughtOffside.com
Alonso could give Chelsea edge over Arsenal & Man...
Alvaro Carreras has been linked with a move away from Real Madrid during...
4h ago from CaughtOffside.com
Tottenham eye blockbuster deal for £120m star but he...
Tottenham Hotspur are interested in signing Newcastle United midfielder...
4h ago from CaughtOffside.com
Deal close: Wonderkid one step away from Arsenal move...
Arsenal are reportedly one step away from signing Leicester City wonderkid...
7h ago from CaughtOffside.com
Comments
Hottest News
Ferrari shares spike in 2.2bn boost after Lewis Hamilton...
Lewis Hamilton’s first victory for Ferrari has... Read More »
2h ago from GPFans.com
Aston Martin handed simple solution to 2026 woes: 'Get the...
F1 legend Rob Smedley has launched a brutally... Read More »
1h ago from GPFans.com
F1 suffers major embarrassment as tyre manufacturer causes...
On this day 21 years ago, just six cars took to... Read More »
40m ago from RacingNews365.com
