News Details
FIA welcomes F1 takeover, keen to know more
– Formula 1's governing body, the FIA, says it welcomes the arrival of Liberty Media, following the news that the organisation will acquire the sport, though is eager to discuss its implications.Liberty Media, owned by John Malone, has taken on an 18.7 per cent stake and will ultimately acquire 100 per cent of Delta Topco's shares, the parent company of Formula 1, in a move worth $8 billion.Chase Carey, the Vice-Chairman of 21st Century Fox, becomes F1's new Chairman, while Bernie Ecclestone will stay on as Chief Executive Officer, with the deal set to be closed in early 2017.Formula 1 governing body the FIA, which has a one per cent stake in the sport, was not party to negotiations...
Full Story »
Full Story »
9y ago from GPUpdate.net
0
You May Also Be Interested In...
FIA welcomes Liberty Media F1 takeover, keen to know...
The FIA has welcomed Liberty Media’s takeover of Formula 1, but...
9y ago from GrandPrixTimes.com
FIA and EU Commission hurdles remain for Liberty buyout
Formula 1's sale to US tycoon John Malone's Liberty Media is yet to clear...
9y ago from GrandPrix247.com
Grosjean welcomes Liberty investment in Formula 1
Romain Grosjean has welcomed Formula 1's new American owners, saying the...
9y ago from GrandPrix247.com
Liberty: We will not be Americanising Formula 1
The United States can be a big growth area for Formula One but Liberty...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez ‘at peace' after securing 2025...
Factory Ducati rider Marc Marquez was lost for words after clinching his...
6h ago from MotorsportWeek.c...
Gigi Dall’Igna: Marc Marquez’s clarity of mind is...
No description available...
4h ago from Motorsport.com
Fabio Quartararo hails Marc Marquez as a legend as...
No description available...
8h ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher to make IndyCar test debut with Rahal...
No description available...
2d ago from Motorsport.com
Mick Schumacher set for IndyCar test with RLL
Rahal Letterman Lanigan Racing has announced that it will bring in Mick...
2d ago from MotorsportWeek.c...
Andretti hires ex-Penske director Ron Ruzewski as...
Andretti Global announced on Wednesday that it has hired Ron Ruzewski as...
4d ago from MotorsportWeek.c...
Andretti Global signs ex-Penske Ron Ruzewski as team...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai WRT on the attack
Hyundai Shell Mobis World Rally Team is not taking their 2025 drubbing at...
2d ago from MotorsportWeek.c...
Mandated rest periods at WRC rallies to face FIA vote
No description available...
4d ago from Motorsport.com
Hyundai call set to boost Ott Tanak’s WRC title...
No description available...
5d ago from Motorsport.com
WRC swaps Sardinia for Rome as home of Rally Italy...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Sky journo predicts ruthless Mikel Arteta reaction...
The Premier League never fails to produce drama, and Arsenal’s clash...
27m ago from CaughtOffside.com
Newcastle v Arsenal: Premier League – live
️ Premier League updates from 4.30pm BST<br>⚽️ <a...
3h ago from TheGuardian.com
Newcastle v Arsenal – live blog
Join us for live blog coverage of our Premier League clash with Newcastle...
2h ago from Arseblog.com
'What's with the gimmick', 'Why is he always starting'...
Arsenal fans on X are questioning manager Mikel Arteta's decision to start...
2h ago from SportsKeeda.com
Comments
Hottest News
Brundle shares ‘tricky decision’ as statement confirms...
F1 legend Martin Brundle has been forced to... Read More »
8h ago from GPFans.com
Red Bull tipped for shock swoop for McLaren driver
Red Bull's F1 driver lineup past Max Verstappen... Read More »
1h ago from GPFans.com
Steiner: Horner ‘eager’ to return to F1 but not with...
Former Haas F1 team boss Guenther Steiner has... Read More »
37m ago from F1i.com
