News Details
Bernie sells to ‘media tycoon' in $6.4bn deal
Sky news has confirmed reports that American media tycoon John Malone is finalising a take over of Formula 1 in a record $6.4bn deal… Reports have said the initial deal was made to sell CVC Capital Partners' majority shares to Mr Malone which he will then bring under his umbrella group, Limited Media Group. This means that for the first time, Formula 1 will see a public listing under the tracking name ‘Limited Media Group'. The deal is set to net Bernie an impressive £400m. But it still remains unclear what will happen to the infamous sport. The news has taken mixed reviews from fans and teams alike, with many arguing it should help to increase...
Full Story »
Full Story »
You May Also Be Interested In...
Ecclestone not sure he wants to stick around after F1...
Bernie Ecclestone is not committing to his current role in charge of...
9y ago from GrandPrix247.com
Ecclestone not committing to post-sale F1
Bernie Ecclestone is not committing to his current role in charge of F1 if...
9y ago from ThisIsF1.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
John Malone's Liberty Media buys F1
John Malone's Liberty Media announced on Wednesday it will buy Formula One.
9y ago from SuperSport.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Brazilian GP: Marco Bezzecchi leads Jorge...
No description available...
11h ago from Motorsport.com
Marco Bezzecchi and Jorge Martin dominate as Aprilia...
Marco Bezzecchi dominated the Brazilian MotoGP Grand Prix to secure...
11h ago from MotorsportWeek.c...
“Unacceptable conditions” - Alex Rins, Alex...
No description available...
9h ago from Motorsport.com
Marc Marquez: Brazil GP mistake came at corner where...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
Legacy Grand Prix of Long Beach promoter Jim...
No description available...
1d ago from Motorsport.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
5d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
5d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
1d 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
Takamoto Katsuta breaks down in tears after...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
“Landed a major blow” - Gary Neville weighs in on...
Manchester United legend Gary Neville believes Arsenal's Carabao Cup...
5h ago from SportsKeeda.com
Jamie Carragher pinpoints ‘big mistake’ from...
Pundit Jamie Carragher has pointed out the mistake that cost Arsenal boss...
6h ago from SportsKeeda.com
Arsenal boss Mikel Arteta says it would have been...
Arsenal manager Mikel Arteta has defended his decision to start Kepa...
8h ago from SportsKeeda.com
“Worst player on the pitch” - Arsenal fans blast...
Arsenal fans on X have slammed Kai Havertz after he missed a golden...
10h ago from SportsKeeda.com
Comments
Hottest News
F1TECH: Ferrari set to reintroduce its halo winglet...
Ferrari’s push to refine its 2026 Formula 1... Read More »
3h ago from F1Technical.net
Formula E: How has the championship standings changed after...
Hot on the heels of Jaguar's double victory and... Read More »
2h ago from F1Technical.net
Max Verstappen denies theory over 'joke' F1 cars
Max Verstappen has long voiced his... Read More »
27m ago from RacingNews365.com
