News Details
Liberty not in F1 to ‘take the money’ - Carey
©Wri2
Formula One Group’s new chairman Chase Carey insists Liberty Media’s purchase of the sport is not solely aimed at “taking the money”. John Malone’s mass media conglomerate recently agreed to acquire Delta Topco - Formula One's parent company - in a deal that values the sport at $8bn (£6bn). Liberty has placed 21st Century Fox vice-chairman Carey as chairman alongside long-standing F1 supremo Bernie Ecclestone, who continues as CEO. Liberty will replace CVC Capital Partners as majority shareholders, though the private equity firm will remain involved as “65% owners of the Formula One Group's equity”. F1 has been very profitable to CVC since it took a 35% controlling...
Full Story »
Full Story »
You May Also Be Interested In...
New F1 chairman Chase Carey in meetings without...
New F1 chairman Chase Carey in meetings without Ecclestone When asked...
8y ago from ThisIsF1.com
Carey: Formula 1 cannot be a dictatorship
Formula One cannot be run like a dictatorship, even if many people in the...
8y ago from GrandPrix247.com
Enter Chase Carey the new main man of Formula 1
Chase Carey is the man entrusted to lead Liberty Media's substantial...
8y ago from GrandPrix247.com
New F1 boss Chase Carey teases US expansion
New Formula 1 Chairman Chase Carey has indicated it is his intention to...
8y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
The winners and losers from MotoGP pre-season testing
No description available...
5h ago from Motorsport.com
Brad Binder: KTM making ‘small steps' to improve...
Brad Binder says KTM have made “some small steps” in the final MotoGP...
9h ago from MotorsportWeek.c...
Pitbull is no longer a co-owner of Trackhouse Racing
No description available...
23h ago from Motorsport.com
Popular On IndyCarToday.com
Rinus VeeKay locks down the last open IndyCar seat
No description available...
1d ago from Motorsport.com
Rinus VeeKay fills IndyCar’s last open seat with...
Dale Coyne Racing has announced that Rinus VeeKay will drive for the team...
1d ago from MotorsportWeek.c...
Doug Boles named IndyCar President in leadership...
The NTT IndyCar Series announced on Tuesday morning that longtime...
4d ago from MotorsportWeek.c...
Andretti Global shows off new liveries for 2025...
Andretti Global has revealed a trio of new liveries for the team’s cars...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Toyota plans to manage Rally Sweden grandstand...
No description available...
1h ago from Motorsport.com
Elfyn Evans under pressure on Rally Sweden –...
Elfyn Evans and Scott Martin maintained their lead on Rally Sweden after...
2h ago from MotorsportWeek.c...
“Messy” startline incident dents Fourmaux’s...
No description available...
8h ago from Motorsport.com
Elfyn Evans clings on to Rally Sweden lead
Elfyn Evans and Scott Martin lost the lead of Rally Sweden twice, once to...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Mikel Arteta reveals what he told Mikel Merino before...
No description available...
55m ago from SportsKeeda.com
Declan Rice's social media message to Mikel Merino...
Mikel Merino was Arsenal's hero on Saturday after he came off the bench...
2h ago from CaughtOffside.com
'When he touches the ball, special things happen' -...
No description available...
2h ago from SportsKeeda.com
Arsenal to compete with Tottenham for Brazilian...
Arsenal and Tottenham are keen on signing the Brazilian attacker Igor...
3h ago from CaughtOffside.com
Comments
Hottest News
Another crazy Silly Season to follow? These contracts...
The 'Silly Season' reached new heights over the... Read More »
2h ago from GPBlog.com
Kelly Piquet shares love for Verstappen with romantic...
14 February is Valentine's Day worldwide, where... Read More »
4h ago from GPBlog.com
Verstappen's former team boss lashes out at mechanics: 'Are...
Former Toro Rosso team principal Franz Tost... Read More »
1h ago from GPBlog.com
