News Details

Former F1 owners in mass share sell off

Almost all of Formula One's former owners are selling off their shares which track the performance of the sport in a transaction which is expected to close today according to an article in the Guardian by Christian Sylt. When F1's current owner Liberty Media bought the sport's parent company Delta Topco in January for £3.2bn ($4.4bn) it trumpeted the fact that part of the payment to the sellers came in the form of shares listed on America's Nasdaq stock market. They were given to everyone who owned stakes in Delta Topco, from the FIA and Ferrari to Bernie Ecclestone and the company's controlling shareholder CVC. The shares are known by the embarrassing-sounding name of 'FWONK' which...
Full Story »
6y ago from Pitpass.com 0
Share

You May Also Be Interested In...

Carlos Sainz Jr.: 'I’d say this is probably my best...

Scuderia Toro Rosso‘s Carlos Sainz Jr. had the best result of his...

Official McLaren ditches Honda

McLaren Technology Group and Honda Motor Co. Ltd announce they will...
6y ago from GrandPrix247.com

Video: Verstappen on fitness in Formula 1

Red Bull's Max Verstappen explains why a rigorous and meticulous training...
6y ago from GPUpdate.net

FIA alters Formula 1 superlicence points system

The FIA has made alterations to the Formula 1 superlicence points system,...
6y ago from MotorsportWeek.com

Elsewhere On The Network

Popular On MGPToday.com

F1 owner Liberty Media set to finalise purchase of...

Formula 1 owner Liberty Media are in talks to buy Madrid-based company...
11h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Rosenqvist: Confidence within MSR growing with every...

Felix Rosenqvist has started off his time with Meyer Shank Racing on a...

Popular On TotalWRC.com

Neuville pips Tänak in Safari opener

FIA World Rally Championship leader Thierry Neuville took a slender...

Popular On GunnersToday.com

Crunch time: Easter games that have shaped the Premier...

the sharp end of the season fast approaches, here are four classic matches...
5h ago from TheGuardian.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.