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FIA gives green light to Liberty Media's F1 buy-out
The FIA's World Motor Sport Council has given the green-light To Liberty Media's buy-out of Formula One. The sport's governing body announced its decision in a statement issued today following its extraordinary meeting today in Geneva. 'The World Motor Sport Council has unanimously approved the change of control of Delta Topco Limited - the holding company of the Formula One Group and thus the owner of the Commercial Rights of the FIA Formula One World Championship - from CVC Capital Partners in favour of Liberty Media Corporation at an extraordinary meeting today in Geneva. The transaction will see the transfer of 100% of the shares in Delta Topco to Liberty Media Group, one of the...
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8y ago from Pitpass.com
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