News Details

Liberty takeover offers a solid long term vision for F1

Liberty Media's takeover of Formula One promises a long-term strategy for the cash-rich sport with a sharper focus on new media markets and another attempt to expand in North America. The deal, valued at $8 billion including debt, gives an American media and telecoms business effective control of a sport rather than the more customary situation of such companies paying up to buy rights to screen live events. The deal was seen as positive for a sport featuring famous car brands such as Ferrari and Mercedes, as well as for buyer Liberty Media, owned by U.S. cable TV mogul John Malone. However, changes will take time to feed through given that Formula One Chief Executive Bernie Ecclestone has...
Full Story »
8y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Liberty Media F1 takeover could be days away

Formula 1 sale's to Liberty Media is on the verge of being completed, with...
8y ago from Motorsport.com

US tycoon’s Liberty Media to takeover F1 for $8.5...

US tycoon's Liberty Media to takeover F1 for $8.5 billion The deal is...
8y ago from ThisIsF1.com

Liberty Media begins $8billion F1 takeover

American media giant Liberty Media has revealed its first step towards a...
8y ago from Motorsport.com

CVC will retain large stake in F1 following Liberty...

Liberty Media announced on Wednesday that it would complete a deal to...
8y ago from GrandPrixTimes.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Kyle Kirkwood fastest in opening IndyCar practice from...

After speeding around Indianapolis Motor Speedway for two weeks, IndyCar...

Andretti Global belatedly accepts Indy 500 post-race...

Two Andretti Global entries were among the cars that received post-race...

Veteran engineer Michael Cannon returns to Dale Coyne...

Dale Coyne Racing has announced that it has re-hired expert engineer...

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

Leroy Sane latest: Arsenal, Spurs suffer transfer...

Arsenal and Tottenham Hotspur are dealt a blow in their pursuit of Bayern...
5h ago from SportsMole.co.uk

Joan Garcia: Arsenal can repeat Liverpool transfer...

Arsenal may struggle to win the race for Espanyol goalkeeper Joan Garcia...
9h ago from SportsMole.co.uk

Arsenal and Man United suffer free transfer blow as...

Lille striker Jonathan David is supposedly close to an agreement on...
7h ago from SportsMole.co.uk

Arsenal's striker crisis 'shouldn't happen' as Mikel...

Arsenal legend Ray Parlour offers Mikel Arteta one critical piece of...
8h 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.