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
Marco Bezzecchi explained what ‘key moment' he...
Marco Bezzecchi explained his first lap was the "key moment"...
6h ago from MotorsportWeek.c...
MotoGP constructors push for F1-style ‘Concorde...
No description available...
6h ago from Motorsport.com
MotoGP to return to Buenos Aires from 2027 season
MotoGP has officially announced that the Grand Prix of Argentina will...
23h ago from MotorsportWeek.c...
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
O’Ward explains the multiple steps that came...
Pato O’Ward won Sunday’s IndyCar race from the streets of Toronto,...
22h ago from MotorsportWeek.c...
The Winners and Losers of IndyCar’s 2025 Indy Toronto
No description available...
1d ago from Motorsport.com
Kyffin Simpson’s confidence ‘very high right...
When Kyffin Simpson crossed the finish line in Sunday’s Honda Indy...
1d ago from MotorsportWeek.c...
IndyCar Toronto – Race Results
IndyCar completed its sole visit across the border this weekend, with a...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
1d ago from Motorsport.com
How the WRC service park reacted to Oliver Solberg's...
No description available...
1d ago from Motorsport.com
Oliver Solberg stuns with maiden WRC victory in Estonia
Oliver Solberg and Elliot Edmondson stunned the WRC elite with a...
2d ago from MotorsportWeek.c...
Oliver Solberg: WRC Rally Estonia win "biggest...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Myles Lewis-Skelly's reaction to Fabrizio Romano's...
A video of Myles Lewis-Skelly's reaction to Fabrizio Romano's social media...
39m ago from SportsKeeda.com
'There should be no excuses this next season',...
Arsenal have reportedly reached a total agreement with Portuguese...
1h ago from SportsKeeda.com
'Conclusion imminent' – Arsenal to finally...
It's been a long few weeks, but Arsenal are finally about to complete the...
2h ago from CaughtOffside.com
Real Madrid want to sign Arsenal man alongside...
Arsenal are building a squad that is capable of challenging on all fronts,...
3h ago from CaughtOffside.com
Comments
Hottest News
The McLaren lap that had Charles Leclerc ‘lost for...
Charles Leclerc has recounted that Oscar... Read More »
4h ago from MotorsportWeek.com
Sebastian Vettel explains why he could be ideal Helmut...
Sebastian Vettel has explained why his... Read More »
1h ago from MotorsportWeek.com
Brad Pitt names F1 track that delivered ‘the highest of...
Brad Pitt has revealed the one Formula 1 circuit... Read More »
1h ago from F1i.com
