News Details

Liberty Media confirms F1 purchase

The American firm Liberty Media has confirmed its purchase of Formula 1 for £3.3bn with Bernie Ecclestone remaining as chief executive. The deal comes after weeks of speculation with rumours the Italian Grand Prix would be Ecclestone's final race in charge of the sport. Yesterday, the 85-year-old said he has been asked to remain involved in F1 for three years once the purchase had been officially confirmed. With the F1 supremo staying in place, Chase Carey – current executive vice chairman of 21st Century Fox – has been instated as the new chairman replacing Peter Brabeck-Letmathe. The new ownership sees equity firm CVC Capital Partners sell its controlling share of the sport to...
Full Story »
9y ago from Crash.net 0
Share

You May Also Be Interested In...

Liberty Media begins $8billion F1 takeover

American media giant Liberty Media has revealed its first step towards a...
9y ago from Motorsport.com

Liberty Media want Ecclestone to stay 'for three years'

 XPB Images Bernie Ecclestone says Liberty Media - the group...
9y ago from F1i.com

Liberty Media agrees to purchase F1

 XPB Images Liberty Media has agreed to purchase Formula One...
9y ago from F1i.com

Ecclestone may remain F1 chief if sale to Liberty...

A takeover of Formula One by Liberty Media, rumoured to be imminent,...
9y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Francesco Bagnaia reveals ‘glimmer of hope’ given...

Francesco Bagnaia revealed he has “a glimmer of hope” despite...

Repsol to make MotoGP return in 2026

No description available...
8h ago from Motorsport.com

Popular On IndyCarToday.com

Enzo Fittipaldi hails ‘productive’ test with Arrow...

Enzo Fittipaldi completed an IndyCar test with Arrow McLaren last week,...

Rinus VeeKay signs with Juncos Hollinger Racing for...

Juncos Hollinger Racing has announced that it has signed Rinus VeeKay for...

Popular On TotalWRC.com

Lancia confirms 2026 WRC2 entry with the new Ypsilon...

Lancia will return to the World Rally Championship next year with the new...

Mārtiņš Sesks and Nasser Al-Attiyah join M-Sport...

WRC Promoter, SafetyCulture and M-Sport Ford World Rally Team are...

Popular On GunnersToday.com

Arsenal v Atletico Madrid – live blog

Join us for live blog coverage of our Champions League clash with Atletico...
2h ago from Arseblog.com

'Good to see them', 'Arsenal’s best possible line up...

Arsenal fans on social media are delighted with Mikel Arteta after the...
2h ago from SportsKeeda.com

Report: Arsenal make their move after decision made on...

Arsenal are looking to keep Jurrien Timber at the club for the long term,...
4h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.