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Liberty Media CEO addresses sale rumours amid Elon Musk's interest in buying F1
Liberty Media president and CEO Greg Maffei has silenced any rumours that the company is looking to sell the commercial rights to Formula 1, with the president assuring that they remain 'enthused' about the sport's future. Over recent months there have been reports of Liberty Media wanting to sell the sport, with an offer of $20 billion having reportedly come from Saudi Arabia’s Public Investment Fund. Whilst the rumoured offer was rejected, it was speculated at the recent Miami Grand Prix that two tech billionaires were very interested in investing in F1. It was reported by Fox Sports that Tesla founder Elon Musk and former Amazon CEO Jeff Bezos were interested in investing in the...
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6mo ago from Formula1News.co.uk
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