News Details
Sold to you! Liberty shareholders approve F1 buyout
XPB Images
Liberty Media says that its shareholders have voted to approve the buyout and takeover of Formula One. The process which took place at Tuesday's special meeting in Colorado included issuing new shares to fund the acquisition of the sport and rename its media group to 'Formula One Group'. The company, which already owned a 19.1 percent stake in F1, said in December it would raise $1.55 billion from investors to help deliver the cash portion of the transaction. Liberty could save the British GP, says BRDC chairman US media tycoon and Liberty Media Chairman John Malone said: "The closing of the acquisition remains conditioned upon approval from the FIA, the...
Full Story »
Full Story »
You May Also Be Interested In...
WMSC to meet to discuss Liberty takeover
The FIA's World Motor Sport Council will meet later this month to discuss...
8y ago from PlanetF1.com
FIA calls WMSC meeting as Liberty’s F1 takeover...
Liberty Media's plans to take control of Formula 1 could take a big step...
8y ago from Motorsport.com
Liberty Media take big step toward final acquisition...
F1 News Liberty Media take big step toward final acquisition of F1 A...
8y ago from Formula1Blog.com
F1 teams given option to purchase shares by Liberty...
Formula 1 teams are to be given the option to purchase a stake in the...
8y ago from TheCheckeredFlag....
Elsewhere On The Network
Popular On MGPToday.com
Joan Mir: ‘We are working hard' at rectifying...
Honda rider Joan Mir identified one key area the Japanese marque needs to...
7h ago from MotorsportWeek.c...
MotoGP: KTM and Aprilia on for two days of private...
No description available...
1d ago from Motorsport.com
World Champion Jorge Martin set for MotoGP return at...
Reigning World Champion Jorge Martin is set to return to MotoGP action at...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Indy 500 veteran and NASCAR team owner Shigeaki...
Shigeaki Hattori, a two-time competitor in the Indianapolis 500 and...
3h ago from MotorsportWeek.c...
Renovated IMS museum reopens with all-new displays
The Indianapolis Motor Speedway Museum reopened on Wednesday following a...
4d ago from MotorsportWeek.c...
New livery revealed for Kyle Larson's Indy 500 / Coke...
Kyle Larson will be attempting to compete in IndyCar’s Indianapolis 500...
5d ago from MotorsportWeek.c...
Kyle Larson's McLaren-Hendrick paint schemes revealed...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Outback diplomacy: Finnish ambassador braves...
o Haapea hopes to raise $30,000 for cancer research as he navigates the...
2d ago from TheGuardian.com
Popular On GunnersToday.com
'Other things will speak for itself' - Arsenal star...
Arsenal star Bukayo Saka has offered his opinion on the comparison between...
46m ago from SportsKeeda.com
Transfers: Could Berta shift from Zubimendi to...
As Arsenal’s transfer priorities take shape ahead of the summer window,...
1h ago from FreshArsenal.com
Emmanuel Petit explains what Arsenal have to do in...
Emmanuel Petit believes Arsenal can beat Real Madrid as long as they can...
1h ago from SportsKeeda.com
Arsenal and Liverpool could thwart Manchester City...
Manchester City are reportedly after Florian Wirtz this summer, but the...
1h ago from SportsKeeda.com
Comments
Hottest News
F1 team issue official statement as mid-season driver swap...
It has been confirmed that a Formula 1 star has... Read More »
9h ago from GPFans.com
Ferrari F1 boss hits back over 'false' Lewis Hamilton...
Ferrari Formula 1 boss Fred Vasseur has fired... Read More »
36m ago from GPFans.com
Christian Horner confirms Red Bull absence at F1 race
Red Bull F1 team principal Christian Horner has... Read More »
2h ago from GPFans.com
