News Details
Bernie sells to ‘media tycoon' in $6.4bn deal
Sky news has confirmed reports that American media tycoon John Malone is finalising a take over of Formula 1 in a record $6.4bn deal… Reports have said the initial deal was made to sell CVC Capital Partners' majority shares to Mr Malone which he will then bring under his umbrella group, Limited Media Group. This means that for the first time, Formula 1 will see a public listing under the tracking name ‘Limited Media Group'. The deal is set to net Bernie an impressive £400m. But it still remains unclear what will happen to the infamous sport. The news has taken mixed reviews from fans and teams alike, with many arguing it should help to increase...
Full Story »
Full Story »
You May Also Be Interested In...
Ecclestone not sure he wants to stick around after F1...
Bernie Ecclestone is not committing to his current role in charge of...
9y ago from GrandPrix247.com
Ecclestone not committing to post-sale F1
Bernie Ecclestone is not committing to his current role in charge of F1 if...
9y ago from ThisIsF1.com
Ecclestone overseeing sale of F1 to US firm Liberty...
Formula One commercial chief Bernie Ecclestone said Wednesday he is...
9y ago from F1Pulse.com
John Malone's Liberty Media buys F1
John Malone's Liberty Media announced on Wednesday it will buy Formula One.
9y ago from SuperSport.com
Elsewhere On The Network
Popular On MGPToday.com
Marco Bezzecchi blitzes to pole position in Indonesia...
Aprilia rider Marco Bezzecchi blitzed the competition to claim pole...
2h ago from MotorsportWeek.c...
MotoGP Indonesian GP: Marco Bezzecchi storms to pole,...
No description available...
2h ago from Motorsport.com
Marco Bezzecchi leads the way in Indonesia MotoGP...
Marco Bezzecchi carried his speed from Friday into Saturday, topping the...
3h ago from MotorsportWeek.c...
Maverick Vinales withdraws from Indonesian GP amid...
No description available...
1h ago from Motorsport.com
Popular On IndyCarToday.com
Five IndyCar teams jump start offseason testing at...
Five different IndyCar teams completed a test at Mid-Ohio Sports Car...
2d ago from MotorsportWeek.c...
Mick Schumacher to make IndyCar test debut with Rahal...
No description available...
1w ago from Motorsport.com
Mick Schumacher set for IndyCar test with RLL
Rahal Letterman Lanigan Racing has announced that it will bring in Mick...
1w ago from MotorsportWeek.c...
Andretti hires ex-Penske director Ron Ruzewski as...
Andretti Global announced on Wednesday that it has hired Ron Ruzewski as...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai WRT on the attack
Hyundai Shell Mobis World Rally Team is not taking their 2025 drubbing at...
1w ago from MotorsportWeek.c...
Hyundai call set to boost Ott Tanak’s WRC title...
No description available...
1w ago from Motorsport.com
Mandated rest periods at WRC rallies to face FIA vote
No description available...
1w ago from Motorsport.com
WRC swaps Sardinia for Rome as home of Rally Italy...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Everton tipped to pursue 'available' Arsenal &...
Everton manager David Moyes is reportedly likely to be on the lookout for...
1h ago from CaughtOffside.com
'For sure' – Mikel Arteta backs 'astronomical'...
Arsenal manager Mikel Arteta has admitted he could see Bukayo Saka...
9h ago from CaughtOffside.com
Report: Arsenal 'interested' in highly-rated defender,...
Arsenal are interested in signing the AC Milan prodigy, Davide Bartesaghi....
11h ago from CaughtOffside.com
'Gives you always the possibility to count on him' -...
Arsenal manager Mikel Arteta has admitted that Myles Lewis-Skelly is a...
11h ago from SportsKeeda.com
Comments
Hottest News
Why Alex Albon could have ‘stayed at home' after...
Alex Albon stated that if he wouldn't have... Read More »
46m ago from MotorsportWeek.com
Helmut Marko hands Red Bull 'decisive' warning in McLaren...
Max Verstappen finished third in both practice... Read More »
1h ago from RacingNews365.com
How can McLaren win the F1 championship at Singapore Grand...
McLaren have dominated the 2025 F1 season and... Read More »
45m ago from GPFans.com
