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New American owner to avoid F1 ‘power struggle’ – Berger
New American owner to avoid F1 ‘power struggle' – Berger Formula 1 legend 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...
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8y ago from ThisIsF1.com
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