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Berger hopes F1 ownership does not end in power struggle
Former F1 driver and team boss Gerhard Berger has backed the sale of the sport's commercial rights to American mogul John Malone's Liberty Media. Liberty is buying F1 after ten years of controversial majority ownership by CVC, a mainly disengaged and profit-driven private equity group. 'I'm glad that something is happening, because the structures have been bogged down for years,' Berger, a former driver and official, told Austrian broadcaster Servus TV. 'I see the new arrangement as holding more opportunity than risk, which is why I think the sale is good for formula one,' he added. Berger also said it is good that Liberty Media is American, 'The new owner is typically American, which...
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8y ago from GrandPrix247.com
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