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...
8y 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...
8y ago from ThisIsF1.com
Ecclestone overseeing sale of F1 to US firm Liberty...
Formula One commercial chief Bernie Ecclestone said Wednesday he is...
8y ago from F1Pulse.com
John Malone's Liberty Media buys F1
John Malone's Liberty Media announced on Wednesday it will buy Formula One.
8y ago from SuperSport.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...
2h ago from MotorsportWeek.c...
Maverick Vinales tops final Mugello MotoGP practice
Tech3 KTM rider Maverick Vinales topped the charts for the second time,...
2h ago from MotorsportWeek.c...
MotoGP Italian GP: Marc Marquez pips Francesco Bagnaia...
No description available...
1h ago from Motorsport.com
Fabio Quartararo injures shoulder in practice crash at...
No description available...
19h 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...
13h ago from MotorsportWeek.c...
Michael Cannon already strengthening DCR team –...
Rinus VeeKay is already noticing the impact engineer Michael Cannon is...
17h 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
Arsenal initiate move to sign playmaker regarded as a...
Arsenal are interested in signing the Paris Saint-Germain midfielder...
3h ago from CaughtOffside.com
Arsenal could launch surprise move for 31-year-old...
Arsenal could reportedly launch a move for Brentford midfielder Christian...
3h ago from SportsKeeda.com
'Should have won a few' - Louis Saha names player who...
Louis Saha has named Thierry Henry as the player who should have won more...
3h ago from SportsKeeda.com
Real Madrid Transfer News Roundup: Los Blancos turn...
Real Madrid are putting together final preparations ahead of their...
3h ago from SportsKeeda.com
Comments
Hottest News
F1 movie TRASHED by the BBC in brutal review
The much-hyped F1 movie got pretty positive... Read More »
1h ago from GPFans.com
Hamilton leaves Leclerc SCARED after driving Ferrari's...
Lewis Hamilton's driving appeared to terrify... Read More »
51m ago from GPFans.com
How Canadian GP exposed another ‘hole' in the F1...
The ground effect era of F1 has had its fair... Read More »
2h ago from MotorsportWeek.com
