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 »
9y 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...
9y ago from Motorsport.com
Ecclestone overseeing sale of F1 to US firm Liberty...
Formula One commercial chief Bernie Ecclestone said Wednesday he is...
9y 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...
9y 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...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
What made Aprilia so dominant in Brazilian GP after...
No description available...
11h ago from Motorsport.com
Gresini Racing exploring potential Honda MotoGP...
Gresini Racing are exploring a potential reunion with Honda as a...
13h ago from MotorsportWeek.c...
How Marco Bezzecchi dominated the Brazilian MotoGP to...
New MotoGP championship leader Marco Bezzecchi overcame a "really...
16h ago from MotorsportWeek.c...
Ducati trusts that "everything will remain...
No description available...
13h ago from Motorsport.com
Popular On IndyCarToday.com
Legacy Grand Prix of Long Beach promoter Jim...
No description available...
2d ago from Motorsport.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
6d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
6d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
12h ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
2d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
2d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Watch: Ben White’s reaction goes viral after...
Manchester City’s Rayan Cherki found himself at the center of a heated...
5h ago from CaughtOffside.com
Gabriel Magalhaes injury latest concern as four...
Arsenal’s hopes of a historic treble have been dealt a significant blow...
7h ago from CaughtOffside.com
“It felt like a charity sub” - Wayne Rooney shares...
Wayne Rooney revealed that he felt sad for Manchester City star Phil Foden...
9h ago from SportsKeeda.com
100m-rated Premier League newcomer set to spark...
Rayan has done quite well since moving to the Premier League, and he has...
10h ago from CaughtOffside.com
Comments
Hottest News
Farewell Oxfordshire: Could Christian Horner and Geri...
Seemingly snubbed for the Aston Martin team... Read More »
11h ago from GPFans.com
BMW make decision on F1 return
BMW have announced their verdict on a potential... Read More »
16h ago from GPFans.com
Things to know about RB's special livery for the Japanese...
Racing Bulls have revealed a bold one‑off... Read More »
3h ago from F1Technical.net
