News Details
Liberty Media in $4.4billion takeover of Formula 1
Liberty Media, a United States-based firm headed by media tycoon John Malone, have confirmed that they are in the process of purchasing Formula 1 in a deal said to be worth in excess of $4.4billion. The deal will see CVC Capital Partners, who have owned the championship since 2005, remain with a percentage of the Liberty Media Group shares, but will not have any control of voting shares. Liberty Media already have sporting interests in the United States with the Atlanta Braves baseball team and in satellite radio in the form of Sirius XM, and the first portion of the deal to take over Formula 1 will gain them an 18.7 percent stake, while the rest to be handed over when the deal gets closed...
Full Story »
Full Story »
8y ago from TheCheckeredFlag.co.uk
0
You May Also Be Interested In...
Liberty Media agrees to purchase F1
XPB Images
Liberty Media has agreed to purchase Formula One...
8y ago from F1i.com
Liberty Media begins $8billion F1 takeover
American media giant Liberty Media has revealed its first step towards a...
8y ago from Motorsport.com
Liberty Media F1 takeover could be days away
Formula 1 sale's to Liberty Media is on the verge of being completed, with...
8y ago from Motorsport.com
Agag: “I know nothing about” F1 takeover
Formula E CEO Alejandro Agag denies being approached to replace Bernie...
8y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
The MotoGP standouts and strugglers of 2025 so far
Motorsport Monday’s latest MotoGP feature spotlights nine different...
11h ago from MotorsportWeek.c...
Johann Zarco ‘thinking about how to stay' with...
Johann Zarco admits he is “thinking about how to stay” at LCR Honda...
1d ago from MotorsportWeek.c...
Johann Zarco’s hot streak highlights LCR’s awkward...
No description available...
1d ago from Motorsport.com
Fabio Quartararo aims to ‘get back to the top'...
Fabio Quartararo revealed that his number one priority is to "get...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
AJ Foyt Racing fined $25K, lose championship points...
No description available...
2d ago from Motorsport.com
Santino Ferrucci issued post-race penalty but keeps...
The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...
2d ago from MotorsportWeek.c...
Louis Foster reveals likely cause of scary 180MPH...
On lap 84 of Sunday’s Detroit Grand Prix, Louis Foster was involved in...
2d ago from MotorsportWeek.c...
Kyle Kirkwood isn't "in the hunt” with Alex...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Le Mans winner Andre Lotterer aims at rallying after...
No description available...
11h ago from Motorsport.com
WRC: Sebastien Ogier confirms entry to the Acropolis...
No description available...
5d ago from Motorsport.com
Co-driver dies after crash during Jim Clark rally in...
Roberts, 39, was pronounced dead at the scene near Duns in the Scottish...
1w ago from TheGuardian.com
WRC signs new deal to race in Portugal until at least...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Liverpool legend Steven Gerrard names 6 teams that...
Steven Gerrard has warned Liverpool that five clubs will be pushing them...
3h ago from SportsKeeda.com
Talks held: Arsenal transfer strategy explained...
Arsenal are not making a right winger a priority this summer, but seem...
4h ago from CaughtOffside.com
Inside Arsenal's summer transfer plans: Sane, Watkins,...
Bryan Mbeumo wouldn't have made sense for Arsenal, but Leroy Sane is a...
8h ago from CaughtOffside.com
'What is the guarantee?' - Pundit urges Arsenal not to...
Frank Leboeuf has warned Arsenal that Mikel Arteta's top target, Benjamin...
5h ago from SportsKeeda.com
Comments
Hottest News
F1 champion loses his driving licence
Formula 1's only African world champion has lost... Read More »
3h ago from GPFans.com
Cadillac F1 announces huge signing ahead of 2026 debut
Cadillac have announced their first major signing... Read More »
8h ago from GPFans.com
F1 Recap: Ricciardo tipped for Red Bull return as Horner...
It's that time of year again! The time of year... Read More »
2h ago from GPFans.com
