News Details
Liberty Media begins $8billion F1 takeover
American media giant Liberty Media has revealed its first step towards a takeover of Formula 1, which will cost $8billion in total. Liberty Media will take an 18.7 percent stake in F1 in the short term. The initial step is a $1.1billion cash deal, with Chase Carey – the executive vice chairman of 21st Century Fox – to be installed as F1’s new chairman. “I am thrilled to take up the role of Chairman of Formula One and have the opportunity to work alongside Bernie Ecclestone, CVC, and the Liberty Media team,” said Carey. “I greatly admire Formula One as a unique global sports entertainment franchise attracting hundreds of millions of fans each season from all around the world. I...
Full Story »
Full Story »
8y ago from Motorsport.com
0
You May Also Be Interested In...
Teams downplay talk of Ecclestone exit from F1
Formula 1 teams have downplayed talk that Bernie Ecclestone could be about...
8y ago from Motorsport.com
Ecclestone overseeing sale of F1 to US firm Liberty...
Formula One commercial chief Bernie Ecclestone said Wednesday he is...
8y ago from F1Pulse.com
Liberty Media on verge of launching £6.4bn bid for F1
XPB Images
Liberty Media, the American media company owned by...
8y ago from F1i.com
Formula 1 sale to Liberty Media to go ahead next week
A sale of Formula 1 to Liberty Media is to go ahead next week, respected...
8y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia explains why it's ‘impossible'...
After failing to secure a podium at his Grand Prix at Mugello, Francesco...
1d ago from MotorsportWeek.c...
Aprilia to run “special test” for Jorge Martin...
No description available...
1d ago from Motorsport.com
Watch: “Feels like yesterday” - Alex Criville...
No description available...
1d ago from Motorsport.com
EU approves Liberty Media's purchase of MotoGP and...
Liberty Media has received unconditional approval from the European...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Malukas’ recovery drive secures Foyt’s best team...
During Sunday’s IndyCar race at Road America, David Malukas was the...
18h ago from MotorsportWeek.c...
Winners and Losers from IndyCar’s Road America...
No description available...
2d ago from Motorsport.com
How a “grumpy” Alex Palou ended up thankful for...
No description available...
1d ago from Motorsport.com
Santino Ferrucci hangs on for Road America podium,...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
1w ago from MotorsportWeek.c...
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Fabrizio Romano names Arsenal star who is ‘set...
Arsenal are preparing for life without Thomas Partey, with the Ghanaian...
59m ago from CaughtOffside.com
Terms agreed: Arsenal edge closer to the signing of...
Arsenal have taken a significant step forward in their summer midfield...
29m ago from CaughtOffside.com
'Could still be a breakthrough' – Arsenal expert...
Arsenal could still make a breakthrough in contract talks with Thomas...
2h ago from CaughtOffside.com
Liverpool are out to ruin Arsenal's transfer plan by...
Liverpool and Arsenal fought for the Premier League title in 2024/25 but...
3h ago from CaughtOffside.com
Comments
Hottest News
Pitt blown away by McLaren F1 test: ‘Never experienced...
Brad Pitt may be used to fast-paced action on... Read More »
2h ago from F1i.com
Carlos Sainz Sr withdraws from FIA presidential race
Carlos Sainz Sr has announced he is withdrawing... Read More »
49m ago from MotorsportWeek.com
Villeneuve: Vasseur under threat at Ferrari, a big decision...
Ferrari Formula 1 team principal Fred Vasseur... Read More »
59m ago from GrandPrix247.com
