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 »
Full Story »
9y ago from FormulaSpy.com
0
You May Also Be Interested In...
Liberty Media Corporation Agrees to Acquire Formula...
Liberty Media Corporation earlier today confirmed the agreement to...
9y ago from JWGrandPrix.com
Done deal as Liberty Media now owns Formula 1
Press Release: Liberty Media Corporation and CVC Capital Partners...
9y ago from GrandPrix247.com
Liberty Media agrees to acquire Formula 1
– American entertainment company Liberty Media has announced plans...
9y 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...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Step inside the Ducati garage at the MotoGP sprint in...
No description available...
2h ago from Motorsport.com
Aprilia boss wants to beat Marc Marquez at least once...
No description available...
6h ago from Motorsport.com
Dani Pedrosa: ‘In Stoner I saw things I simply...
No description available...
1d ago from Motorsport.com
Why Guenther Steiner doesn’t expect Liberty to copy...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Dale Coyne Racing signs Dennis Hauger, forms technical...
No description available...
4h ago from Motorsport.com
Dale Coyne signs IndyNXT champion Dennis Hauger for...
Dale Coyne Racing has announces that it has signed Dennis Hauger to drive...
3h ago from MotorsportWeek.c...
Team Penske places David Malukas in the iconic #12...
Team Penske has announced that David Malukas will be joining the team and...
5d ago from MotorsportWeek.c...
Zak Brown addresses three areas IndyCar can improve
McLaren CEO Zak Brown penned an open letter on Monday outlining his...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai call set to boost Ott Tanak’s WRC title...
No description available...
1h ago from Motorsport.com
WRC swaps Sardinia for Rome as home of Rally Italy...
No description available...
2h ago from Motorsport.com
Why Elfyn Evans claims "everything is open"...
No description available...
1w ago from Motorsport.com
Oliver Solberg wants “full season in WRC” after...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arteta on criticism: 'How can you dominate Man City...
Mikel Arteta has hit back at critics calling him "too cautious"...
46m ago from SkySports.com
“He will spoil the whole training ground” -...
Emmanuel Adebayor has issued a strong warning to Arsenal manager Mikel...
2h ago from SportsKeeda.com
Arsenal LIVE! Arteta set to speak about Madueke,...
No description available...
2h ago from SkySports.com
Tactics Column: Arsenal fail to exploit the space
'There was only one team that came to play football … I'm glad we...
1h ago from Arseblog.com
Comments
Hottest News
Ralf Schumacher perplexed by Max Verstappen: 'I have to...
Max Verstappen convincingly stormed to victory in... Read More »
1h ago from RacingNews365.com
Christian Horner puts final nail in Red Bull coffin
Christian Horner and Red Bull's F1 partnership is... Read More »
1h ago from GPFans.com
Lewis Hamilton fading away at Ferrari after Max Verstappen...
Lewis Hamilton's position on an all-time F1 list... Read More »
46m ago from GPFans.com