News Details
Liberty confirms takeover of Formula One
Liberty Media Corporation has confirmed its takeover of Formula One. The media company has agreed to acquire F1 from a consortium of sellers led by majority shareholder CVC Capital Partners. Bernie Ecclestone is set to stay on as CEO, while Chase Carey will be appointed as chairman. Liberty Media will acquire 100% of the shares of Delta Topco, the parent company of F1, and concurrent to that it has completed the acquisition of an 18.7% minority stake for $746million (£559m). Prior to completion of that deal, due to be concluded in the first quarter of 2017, CVC Funds will continue to be the controlling shareholder of Formula 1. Upon completion of the deal next year, Liberty Media will...
Full Story »
Full Story »
8y ago from F1Technical.net
0
You May Also Be Interested In...
Liberty Media begins $8billion F1 takeover
American media giant Liberty Media has revealed its first step towards a...
8y ago from Motorsport.com
Ecclestone to stay in F1 following takeover
– Formula 1 CEO Bernie Ecclestone says he has been asked to remain...
8y ago from GPUpdate.net
Liberty Media agrees Formula 1 takeover, Bernie...
America's Liberty Media has confirmed it has acquired a...
8y ago from GrandPrixTimes.com
Liberty Media want Ecclestone to stay 'for three years'
XPB Images
Bernie Ecclestone says Liberty Media - the group...
8y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP confirms date of Balaton Park homologation...
MotoGP has confirmed that the homologation approval for the Balaton Park...
14h ago from MotorsportWeek.c...
What Trackhouse saw in Ogura that made him a surprise...
No description available...
2d ago from Motorsport.com
KTM compares Pedro Acosta's MotoGP approach to...
KTM Motorsport Director Pit Beirer compared Pedro Acosta's approach to...
2d ago from MotorsportWeek.c...
Three Ducati riders rode with ‘updated’ 2025...
A spokesperson for Ducati has revealed three of its riders raced at the...
4d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Bumping confirmed for Indy 500 as Takuma Sato becomes...
No description available...
1d ago from Motorsport.com
How VeeKay went from an unexpected ECR exit to...
No description available...
1d ago from Motorsport.com
Takuma Sato to contest 16th Indy 500 with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will...
1d ago from MotorsportWeek.c...
FOX working to bring Kentucky Derby-style betting to...
This past weekend FOX produced its first IndyCar broadcast of a new...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA steps in after WRC fuel supplier goes into...
No description available...
2d ago from Motorsport.com
Meet Claire Schonborn, the engineer turned WRC...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal 'big-money move' for Newcastle United star:...
Arsenal boss Mikel Arteta reportedly wants to target a Newcastle United...
1h ago from SportsMole.co.uk
‘For sure' – Fabrizio Romano 100% confirms...
Liverpool's search for a new striker this summer is heating up, with...
1h ago from CaughtOffside.com
'Let him go, he's finished in this team', 'So so...
No description available...
1h ago from SportsKeeda.com
Arsenal transfer news update: Mikel Arteta...
Mikel Arteta reportedly wants to reinforce his forward line in the summer...
2h ago from SportsMole.co.uk
Comments
Hottest News
EXCLUSIVE: Lewis Hamilton absence poses concerning F1 issue
A major issue has been discussed surrounding... Read More »
6h ago from GPFans.com
Ricciardo in Australian GP announcement as F1 team issue...
Axed Formula 1 star Daniel Ricciardo has made a... Read More »
2h ago from GPFans.com
FIA ban verdict reached for Australian Grand Prix
An FIA verdict has been revealed ahead of the... Read More »
8h ago from GPFans.com
