News Details
Liberty Media offer teams a double edged sword
Liberty Media have made Formula 1 teams an offer to buy into the sport, allocating a fifth of the total shares on offer for this purpose but it comes with a twist. As part of the acquisition of Formula 1, Liberty are offering the 20% shares still owned by CVC to the teams at $22 per share, but no team can purchase more than 5% off these. At current value one percent equals approximately $40 million which is affordable to top teams such as Mercedes, Red Bull, Renault and Ferrari, but not so attractive to the privateer teams of which some are struggling to survive in the current economic climate. Nevertheless the offer is on the table with CVC giving teams until the end of January to make a...
Full Story »
Full Story »
9y ago from GrandPrix247.com
0
You May Also Be Interested In...
Kaltenborn hopeful Liberty Media will tackle F1's...
XPB Images
Sauber boss Monisha Kaltenborn believes that...
9y ago from F1i.com
Liberty Media could scratch Fridays from F1 race...
Liberty Media could scratch Fridays from F1 race schedule New owners...
9y ago from ThisIsF1.com
Claims F1 cost cap can't be enforced are...
Toro Rosso team principal Franz Tost has dismissed suggestions that a cost...
9y ago from Motorsport.com
Marchionne says F1 budget cap won't work
Ferrari president Sergio Marchionne believes a budget cap cannot work in...
9y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP riders praise “really fun” Brazil GP track...
No description available...
8h ago from Motorsport.com
MotoGP Brazilian GP: Johann Zarco tops rain-hit Friday...
No description available...
10h ago from Motorsport.com
Johann Zarco takes top spot in rain-affected timed...
Johann Zarco made the most out of the rain-affected Brazilian MotoGP...
10h ago from MotorsportWeek.c...
Pedro Acosta tops opening Brazilian MotoGP practice
Pedro Acosta continued his fine early-season form as he posted the best...
13h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
3d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
3d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
3d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
1h ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
1h ago from Motorsport.com
Takamoto Katsuta breaks down in tears after...
No description available...
1h ago from Motorsport.com
WRC working to secure future of Safari Rally Kenya...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta provides fitness update on 2 key Arsenal...
Arsenal manager Mikel Arteta has hinted that Martin Odegaard and Jurrien...
46m ago from SportsKeeda.com
Mikel Arteta tells Arsenal players and fans to...
t;li>‘Years without a trophy, it adds more drive’Manager not...
7h ago from TheGuardian.com
Arsenal vs Manchester City Prediction and Betting Tips...
Fireworks will be lit at Wembley on Sunday, as Arsenal and Manchester City...
10h ago from SportsKeeda.com
Arsenal latest: Odegaard, Timber, Kepa - Arteta gives...
No description available...
10h ago from SkySports.com
Comments
Hottest News
Red Bull urged to fill huge void to help Max Verstappen
Max Verstappen has been fierce in his criticism... Read More »
56m ago from RacingNews365.com
F1MATHS: How did Russell contribute to a perfect double...
Hot on the heels of Mercedes' second double... Read More »
2h ago from F1Technical.net
Max Verstappen Nurburgring Results: NLS2 Race times and...
F1 champion Max Verstappen returns to the... Read More »
8h ago from GPFans.com
