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
The message Marquez's race pace sent to MotoGP rivals
No description available...
8h ago from Motorsport.com
Aprilia denies Michelin’s explanation for Martin’s...
No description available...
5h ago from Motorsport.com
2025 Sepang MotoGP test rundown
The 2025 MotoGP season began to take shape as the entire grid took to the...
11h ago from MotorsportWeek.c...
Fabio Quartararo ‘very happy' but ‘staying...
Fabio Quartararo showed visible delight after the three-day MotoGP test...
10h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Power sets goal of five move competitive years in...
Will Power is one of the NTT IndyCar Series’ longest tenured drivers,...
1d ago from MotorsportWeek.c...
Andretti Global shows off new liveries for 2025...
Andretti Global has revealed a trio of new liveries for the team’s cars...
4d ago from MotorsportWeek.c...
Conor Daly thinks IndyCar should race in Mexico and...
No description available...
2d ago from Motorsport.com
Penske President Tim Cindric to reduce leadership role
Team Penske announced on Friday afternoon that long-time President Tim...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Solberg handed penalty for drifting on Monaco GP...
No description available...
1w ago from Motorsport.com
Fourmaux to keep ‘head on shoulders’ after...
No description available...
1w ago from Motorsport.com
The five big takeaways from the WRC Rally Monte Carlo
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal target England international wanted by...
Arsenal are reportedly preparing to make a move for Crystal Palace captain...
1h ago from CaughtOffside.com
Arsenal dealt blow as Gabriel Martinelli set to be out...
No description available...
2h ago from SportsKeeda.com
'He reminisces of Patrick Vieira, the long legs,...
No description available...
5h ago from SportsKeeda.com
Arsenal injury news: Gabriel Martinelli timeline...
Arsenal's Gabriel Martinelli is reportedly set to spend more than a month...
3h ago from SportsMole.co.uk
Comments
Hottest News
Hamilton secret emerges as Mercedes announce F1 RETURN -...
Hamilton raced for the final time with Mercedes... Read More »
53m ago from GPFans.com
Jordan’s emphatic U-turn on Hamilton-Ferrari alliance
Former F1 team owner Eddie Jordan, never one to... Read More »
5h ago from F1i.com
David Coulthard suggests why Lewis Hamilton crashed in...
David Coulthard has offered a theory as to why... Read More »
11h ago from MotorsportWeek.com
