News Details

Formula 1 bought by US company Liberty Media

The expected sale of Formula 1 to new owners has taken place, with Liberty Media buying the sport. Announced late on Wednesday night, Liberty media revealed that they have agreed a deal to fully acquire the sport and have already purchased a minority ownership of 18.7%, having already handed over 746 million dollars. While present owners CVC Capital Partners remain owners for now, the deal is expected to reach 100% takeover by early 2017, with Liberty taking over the entire share held by F1 parent company Delta Topco. Liberty have announced former FOX CEO & current 21st Century FOX vice-chairman Chase Carey will become Chairman of Formula 1. He says: 'I am thrilled to take up the role of...
Full Story »
8y ago from FormulaSpy.com 0
Share

You May Also Be Interested In...

Liberty Media Corporation Agrees to Acquire Formula...

Liberty Media Corporation earlier today confirmed the agreement to...
8y ago from JWGrandPrix.com

Done deal as Liberty Media now owns Formula 1

Press Release: Liberty Media Corporation and CVC Capital Partners...
8y ago from GrandPrix247.com

Liberty Media agrees to acquire Formula 1

– American entertainment company Liberty Media has announced plans...
8y ago from GPUpdate.net

Liberty Media: We are excited to become part of...

The acquisition of Formula 1 by Liberty Media Corporation from CVC is...
8y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Scott McLaughlin praises Kyffin Simpson after titanic...

Two Team Penske drivers finished on the podium in IndyCar’s season...
10h ago from MotorsportWeek.c...

Louis Foster narrowly secures IndyCar Rookie of the...

After a season-long battle with two other rookies in the NTT IndyCar...
16h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Sebastian Ogier and Vincent Landais win inaugural...

After dropping over half a minute on the opening day to winning Rally del...

Popular On GunnersToday.com

Arsenal's hectic Deadline Day completes...

Arsenal's busy transfer window ended with an eighth signing in defender...
8h ago from SkySports.com

Report: Arsenal pull off double deal on deadline day...

Arsenal outcasts Albert Sambi Lokonga and Fabio Vieira are now joining...
10h ago from CaughtOffside.com

Arsenal complete Hincapie loan deal

Arsenal have completed a deal with Bayer Leverkusen to sign Piero Hincapie...
9h ago from SkySports.com

2 Arsenal stars closing in on move to surprise...

Bundesliga side Hamburg are reportedly set to sign Arsenal stars Albert...
14h ago from SportsKeeda.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.