News Details
Liberty reserves shares for teams
Liberty Media is to set aside $400m shares in F1 in the hope that the teams will purchase them. 'We think it's important to offer the teams the chance to invest in F1 and further align our interests,' said Greg Maffei, Liberty's President and Chief Executive Officer, of the move. 'We look forward to working with the teams to increase the appeal of this iconic sport and enhance the F1 business.' 'Several of the teams have expressed interest in investing and we have already begun productive discussions to make the sport more competitive and even more exciting,' added F1 Chairman, Chase Carey. The move sees 19 million shares (worth $400m) that would otherwise have been issuable to the selling...
Full Story »
Full Story »
8y ago from Pitpass.com
0
You May Also Be Interested In...
Teams turn down Liberty offer to buy shares in F1
XPB Images
Formula 1 teams have turned down Liberty Media's...
8y ago from F1i.com
Liberty Media shareholders approve F1 takeover
Liberty Media Corp announced that its shareholders voted to approve...
8y ago from GrandPrix247.com
Liberty Media stockholders approve proposals for F1...
Liberty Media has crept closer to its takeover of Formula 1 after...
8y ago from MotorsportWeek.com
FIA approves sale of F1 to Liberty Media
Liberty Media's takeover of Formula 1 was voted through unanimously by the...
8y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Pirelli to hold first MotoGP test in Misano with test...
No description available...
8h ago from Motorsport.com
Watch: Motorsport takes a ride in the MotoGP safety car
No description available...
11h ago from Motorsport.com
Why Marc Marquez stressed his Ducati is identical to...
No description available...
4d ago from Motorsport.com
Takaaki Nakagami fills in for injured Luca Marini at...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Kirkwood relieved to be rid of ‘street course...
Until this weekend at World Wide Technology Raceway, all of Kyle...
7h ago from MotorsportWeek.c...
Video: Harrowing crash takes out Josef Newgarden,...
No description available...
21h ago from Motorsport.com
Rasmussen passes most cars in Sunday night’s IndyCar...
Christian Rasmussen put on a show for fans Sunday night, passing more...
10h ago from MotorsportWeek.c...
IndyCar Gateway – Race Results
The NTT IndyCar Series made a trip to the St. Louis area for the first...
20h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
3d ago from Motorsport.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
6d ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal dealt blow as multiple SPL sides, including...
As per reports, Arsenal are set to face stiff competition from Cristiano...
3h ago from SportsKeeda.com
19-year-old star ready to join Liverpool despite...
Ajax star Jorrel Hato is open to a move to Premier League champions...
3h ago from SportsKeeda.com
'I’d be in his bed, I’d be in his front room' -...
Rio Ferdinand has urged Viktor Gyokeres to force a transfer away from...
5h ago from SportsKeeda.com
Report: Advanced talks for Arsenal and Milan to...
AC Milan are working on a deal to sign Oleksandr Zinchenko from Arsenal,...
7h ago from FreshArsenal.com
Comments
Hottest News
Sky Sports' David Croft snaps back at 'ridiculous' F1 fan...
Sky Sports F1 commentator David Croft has slammed... Read More »
3h ago from GPFans.com
F1 Recap: Lewis Hamilton left distraught as tense meeting...
F1 star Lewis Hamilton has revealed his sadness... Read More »
2h ago from GPFans.com
F1 Canadian Grand Prix 2025 results: Final classification...
The FIA have confirmed the final classification... Read More »
17h ago from GPFans.com
