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 »
9y 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...
9y 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...
9y ago from ThisIsF1.com

Liberty Media begins $8billion F1 takeover

American media giant Liberty Media has revealed its first step towards a...
9y 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...
9y ago from GrandPrixTimes.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar looking to add ‘more events, not just...

IndyCar has identified a need to make sure future races on the calendar...

JHR retains Sting Ray Robb for second season

Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...

Aggressive testing schedule planned ahead of Mick...

Following confirmation Mick Schumacher will make a switch to IndyCar next...

Popular On TotalWRC.com

Popular On GunnersToday.com

Liverpool 'front runners' but Arsenal 'could make a...

Antoine Semenyo has been linked with the move away from Bournemouth in...
5h ago from CaughtOffside.com

Aston Villa 2-1 Arsenal: Buendia makes it a bad day

Match report – Player ratings – Arteta reaction – Video...
17h ago from Arseblog.com

'They do look a little bit vulnerable' - David James...

Former Premier League goalkeeper David James believes Arsenal remain the...
14h ago from SportsKeeda.com

Neville: Arsenal must not 'panic' as City close gap in...

Arsenal "must not panic" after defeat at Aston Villa saw Man...
17h ago from SkySports.com

Comments


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.