News Details
Official: Liberty Media purchases F1 for $8bn
Media giant Liberty Media has confirmed that it is to buy Formula One in a deal worth $8bn. Initially, the company, which is controlled by John Malone, will purchase an 18.7% stake in Formula 1 for $746m, with the remainder of the buy-out coming in the first quarter of 2017. After completion of the acquisition, Liberty Media will own Formula One and it will be attributed to the Liberty Media Group which will be renamed the Formula One Group. The consortium of sellers led by CVC will own approximately 65% of the Formula One Group's equity and will have board representation at Formula One to support Liberty Media in continuing to develop the full potential of the sport. In addition, a CVC...
Full Story »
Full Story »
8y ago from Pitpass.com
0
You May Also Be Interested In...
Official: F1 Sold to Liberty Media
It has just been confirmed that F1 has officially been sold to US Company...
8y ago from F1.co.uk
Liberty Media begins $8billion F1 takeover
American media giant Liberty Media has revealed its first step towards a...
8y ago from Motorsport.com
Liberty Media buys Formula One
US communications billionaire John Malone's Liberty Media announced on...
8y ago from SuperSport.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...
8y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez pips Francesco Bagnaia to Mugello MotoGP...
Marc Marquez pipped his factory Ducati team-mate Francesco Bagnaia to...
4h ago from MotorsportWeek.c...
MotoGP Italian GP: Marc Marquez pips Francesco Bagnaia...
No description available...
4h ago from Motorsport.com
Maverick Vinales tops final Mugello MotoGP practice
Tech3 KTM rider Maverick Vinales topped the charts for the second time,...
5h ago from MotorsportWeek.c...
How to watch the MotoGP Italian Grand Prix at Mugello
No description available...
2h ago from Motorsport.com
Popular On IndyCarToday.com
Kyle Kirkwood blasts to top in IndyCar practice from...
After finishing the season’s first short oval under the lights on...
15h ago from MotorsportWeek.c...
Michael Cannon already strengthening DCR team –...
Rinus VeeKay is already noticing the impact engineer Michael Cannon is...
19h ago from MotorsportWeek.c...
Arrow McLaren apologises for Nolan Siegel’s explicit...
No description available...
1d ago from Motorsport.com
Nolan Siegel apologizes for profanity-filled radio rant
Arrow McLaren driver Nolan Siegel has apologized for what he said over...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
2d ago from MotorsportWeek.c...
FIA approves updated bodywork rules for WRC 2027...
No description available...
1w ago from Motorsport.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
“At one point we almost had no players” - Jurrien...
Jurrien Timber is expecting a busy transfer window for Arsenal, with the...
1h ago from SportsKeeda.com
Real Madrid ready to put Rodrygo and 3 other first...
Real Madrid are ready to offload Rodrygo Goes, Fran Garcia, Dani Ceballos,...
1h ago from SportsKeeda.com
Arsenal initiate move to sign playmaker regarded as a...
Arsenal are interested in signing the Paris Saint-Germain midfielder...
6h ago from CaughtOffside.com
Arsenal could launch surprise move for 31-year-old...
Arsenal could reportedly launch a move for Brentford midfielder Christian...
5h ago from SportsKeeda.com
Comments
Hottest News
How Canadian GP exposed another ‘hole' in the F1...
The ground effect era of F1 has had its fair... Read More »
4h ago from MotorsportWeek.com
Why Lance Stroll is still struggling despite Aston Martin's...
Aston Martin has taken encouraging steps forward... Read More »
1h ago from MotorsportWeek.com
Rachel Brookes: All you need to know about the Sky F1...
Sky Sports F1 presenter Rachel Brookes is known... Read More »
1h ago from GPFans.com
