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 »
8y 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...
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
Enea Bastianini: 'You get scared at Balaton; changes...
No description available...
15h ago from Motorsport.com
Honda confirms Luca Marini to remain a factory rider...
Honda Racing Corporation has confirmed Luca Marini will remain as its...
19h ago from MotorsportWeek.c...
MotoGP riders reveal first laps of new Balaton Park...
No description available...
20h ago from Motorsport.com
Luca Marini signs contract extension with Honda ahead...
No description available...
20h ago from Motorsport.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...
Winners and Losers of the 2025 IndyCar Nashville...
No description available...
1d ago from Motorsport.com
Penske’s Josef Newgarden wins wild 2025 IndyCar...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Sebastian Ogier wants WRC title by “winning...
No description available...
13h ago from Motorsport.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
1d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
1d ago from Motorsport.com
Sebastian Ogier and Vincent Landais win inaugural...
After dropping over half a minute on the opening day to winning Rally del...
1d ago from MotorsportWeek.c...
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
Former Fernando Alonso F1 team-mate arrested
One of Fernando Alonso's former team-mates has... Read More »
15h ago from RacingNews365.com
McLaren identify cause of painful Lando Norris retirement
McLaren has accepted fault for Lando Norris'... Read More »
20h ago from RacingNews365.com
Star driver stuns home crowd after being declared...
Alpine-backed F1 Academy star Nina Gademan has... Read More »
7h ago from GPFans.com