News Details

Formula 1 faces big shake-up after Liberty deal

Formula One faces its biggest shake-up in decades with the announcement on Wednesday that U.S. cable TV mogul John Malone's Liberty Media has agreed to take control of the cash-generating glamour sport. The deal, which has an enterprise value of $8 billion (5.99 billion pounds) according to a company statement, heralds a new era for Formula One, a European-dominated sport that has long sought to break into the U.S. market and win fresh audiences. It could also accelerate the exit of 85-year-old Bernie Ecclestone, the Briton who has run the sport for nearly 40 years and built up a business with annual turnover of around $1.9 billion. Liberty Media said in a statement, which ended a...
Full Story »
8y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Liberty Media agrees to acquire Formula 1

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

Formula 1 bought by US company Liberty Media

The expected sale of Formula 1 to new owners has taken place, with...
8y ago from FormulaSpy.com

Liberty Media buys Formula One

US communications billionaire John Malone's Liberty Media announced on...
8y ago from SuperSport.com

Formula 1 sale to Liberty Media to go ahead next week

A sale of Formula 1 to Liberty Media is to go ahead next week, respected...
8y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Marc Marquez admits he ‘needs to work on mistakes’...

Marc Marquez admits he and younger brother Alex Marquez "were the...

Jorge Martin confirms intention to leave Aprilia at...

Reigning World Champion Jorge Martin has released a statement confirming...

Popular On IndyCarToday.com

Veteran engineer Michael Cannon returns to Dale Coyne...

Dale Coyne Racing has announced that it has re-hired expert engineer...
23h ago from MotorsportWeek.c...

Three drivers lose Indy 500 finishing positions after...

The NTT IndyCar Series has penalized three drivers following the...

Popular On TotalWRC.com

Popular On GunnersToday.com

Wolves 'eyeing up' 21-year-old Premier League attacker...

Wolverhampton Wanderers and Arsenal are reportedly keen on signing...
1h ago from SportsMole.co.uk

“I couldn’t really see him heading to Arsenal...

Journalist Charlie Watts has said that Newcastle United attacker Anthony...
1h ago from SportsKeeda.com

Arsenal hold concrete initial talks to sign Bundesliga...

Arsenal have reportedly commenced talks to land RB Leipzig striker...
21m ago from SportsKeeda.com

Eberechi Eze: Crystal Palace star hints at future exit...

Eberechi Eze seemingly hints that he would be open to leaving Crystal...
3h ago from SportsMole.co.uk

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.