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Liberty Media offers teams chance of buying into F1
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Formula One's new owner Liberty Media has said that teams are to be given a chance to buy a stake in the sport. As part of their takeover of Formula One Management, Liberty has proposed offering 20 per cent of the shares still owned by previous majority shareholder CVC Capital Partners at a cost of $22 a share - but with the proviso that no team can purchase a stake bigger than five per cent. A one per cent stake in Formula One would cost around $40 million. Teams that buy into the sport would share in the annual profits generated by the business - but crucially, they would not have any voting rights in decisions relating to strategy, technology, marketing, prize...
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