News Details
CVC will retain large stake in F1 following Liberty Media takeover
Liberty Media announced on Wednesday that it would complete a deal to takeover Formula 1 from a 'consortium of sellers led by CVC' - the sport's current majority owner - which would give it a majority stake and therefore control of the sport. Some have praised the deal as it breaks ties with current owner CVC which, despite having owned the sport since 2006, has done very little to increase Formula 1's appeal, instead choosing to suck as much profit out of it as possible, which is of course the aim of an investment fund. Now Liberty Media, a company which has stakes in sports teams and media companies, has come along with the promise of investing in the sport to grow its...
Full Story »
Full Story »
9y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
CVC sale of F1 to Liberty Media for $8.5 billion is a...
The deal is definitely done on the sale of Formula 1's majority stake by...
9y ago from GrandPrix247.com
US tycoon’s Liberty Media to takeover F1 for $8.5...
US tycoon's Liberty Media to takeover F1 for $8.5 billion The deal is...
9y ago from ThisIsF1.com
Liberty Media F1 takeover could be days away
Formula 1 sale's to Liberty Media is on the verge of being completed, with...
9y ago from Motorsport.com
F1 teams will get opportunity to invest under new...
Formula 1 teams will be given the opportunity to invest in the sport in...
9y ago from GrandPrixTimes.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin: Brazilian MotoGP podium ‘feels...
Jorge Martin admits that his double podium from the Brazilian MotoGP...
4h ago from MotorsportWeek.c...
MotoGP completes investigation into Brazilian GP...
No description available...
1h ago from Motorsport.com
Maverick Vinales and Jorge Lorenzo's partnership cools...
No description available...
6h ago from Motorsport.com
Ducati: “We can’t always rely on Marc Marquez to...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
Carb day concert line-up announced for Indy 500
Indianapolis Motor Speedway has announced which bands will be playing on...
4h ago from MotorsportWeek.c...
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...
Popular On TotalWRC.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
1d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
3d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
3d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Eberechi Eze injury: The key Arsenal games he will...
Eberechi Eze has suffered an injury which comes as a major blow for...
1h ago from CaughtOffside.com
Arsenal lead race for French wonderkid as Premier...
Arsenal are intensifying their pursuit of highly rated Lille midfielder...
7h ago from CaughtOffside.com
Without regulation, AI will threaten the very thing...
Technology has driven countless evolutions in football – and so much of...
5h ago from CaughtOffside.com
Paul Merson makes prediction about Arsenal facing...
Premier League legend Paul Merson has questioned whether Arsenal can beat...
6h ago from SportsKeeda.com
Comments
Hottest News
Audi F1 rift rumours continue amid ‘long...
Jonathan Wheatley had, days before his Audi F1... Read More »
3h ago from MotorsportWeek.com
Christian Horner and Mercedes face Alpine F1 move being...
The battle for a minority stake in Alpine is... Read More »
1h ago from GPFans.com
Lance Stroll's brutal Aston Martin F1 takedown: 'Worst...
Lance Stroll's x-rated reaction to his Aston... Read More »
49m ago from GPFans.com
