News Details
Liberty makes advance payments to teams after $1.5b liquidity boost
Formula 1’s commercial rights holder Liberty Media boosted the sport’s liquidity on Thursday and said some teams had received advance payments to help them through the COVID-19 crisis. Liberty announced in a statement it had re-attributed its stake in Live Nation Entertainment from the Formula One Group to its SiriusXM tracking stock, with $1.5 billion in net asset value going in each direction. Liberty Media president and CEO Greg Maffei told analysts on a conference call that the move was the most efficient way of putting cash into the business, with F1 getting a net cash payment of $1.4 billion. F1’s season has yet to start, with nine races called off and the first round likely to...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
F1's owner has ‘scenario for zero races', some...
Liberty Media’s President says the corporation has “scenarios for...
5y ago from MotorsportWeek.com
Liberty responds: 'Maybe do other things to help F1...
Liberty Media has already paid out an advance on the prize money to some...
5y ago from GPBlog.com
Liberty Media komt in actie: 1,4 miljard dollar...
Liberty Media has confirmed Thursday that it will lend a helping hand to...
5y ago from GPBlog.com
Wolff buys £37 million stake in Aston Martin
Mercedes Formula 1 team boss Toto Wolff has bought a £37 million stake...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Honda pinpoints potential ‘advantage' ahead of...
Honda technical director Romano Albesiano believes there is one specific...
18h ago from MotorsportWeek.c...
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
20h ago from Motorsport.com
Toprak Razgatlioglu admits MotoGP adaptation...
Toprak Razgatlioglu has admitted that his adaptation to MotoGP feels...
1d ago from MotorsportWeek.c...
2027 MotoGP bikes may not be slower at half the...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
How to watch the IndyCar Grand Prix of Arlington:...
No description available...
7h ago from Motorsport.com
Conor Daly snags Indy 500 ride with Dreyer and Reinbold
Dreyer and Reinbold Racing has announced that Conor Daly will drive for...
1d ago from MotorsportWeek.c...
Conor Daly set for Indy 500 run with Dreyer & Reinbold...
No description available...
1d ago from Motorsport.com
Winners and losers from an action-packed IndyCar race...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC Safari Rally Kenya: Oliver Solberg heads Toyota...
No description available...
11h ago from Motorsport.com
Oliver Solberg storms into Safari Rally Kenya lead
Kenya. Storms. Rain. Mud. With just two stages on Thursday’s itinerary,...
10h ago from MotorsportWeek.c...
Why Safari Rally Kenya will be more of a lottery than...
No description available...
19h ago from Motorsport.com
Hankook introduces new WRC tyre at Safari Rally Kenya
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
PL Predictions: Arsenal to move further clear of Man...
Our football betting expert Jones Knows offers his insight across the...
5h ago from SkySports.com
Arsenal & Chelsea eye 20 million-rated 'complete...
Arsenal and Chelsea are interested in signing Adri Mehmeti from the New...
8h ago from CaughtOffside.com
Report: Arsenal & Tottenham line up move for...
Arsenal and Tottenham Hotspur are reportedly interested in signing Marco...
7h ago from CaughtOffside.com
Arsenal vs Everton Prediction and Betting Tips | March...
Arsenal will entertain Everton at the Emirates Stadium in the Premier...
8h ago from SportsKeeda.com
Comments
Hottest News
Ferrari reveal second Chinese GP upgrade after 'Macarena'...
Ferrari has stolen a march on its F1 rivals at... Read More »
2h ago from RacingNews365.com
Alpine make late change due to key figure sickness
Alpine has been forced into a late substitution... Read More »
1h ago from RacingNews365.com






















