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
Ai Ogura withdraws from MotoGP British GP due to injury
No description available...
1h ago from Motorsport.com
Fabio Quartararo continues pole streak in MotoGP...
Fabio Quartararo claimed pole position for the third consecutive race,...
22m ago from MotorsportWeek.c...
Fabio Quartararo tops final MotoGP practice at...
Yamaha rider Fabio Quartararo topped the classification charts in the...
1h ago from MotorsportWeek.c...
Honda MotoGP ‘interested' in signing Jorge Martin
Honda team boss Alberto Puig has revealed that the team are interested in...
4h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Josef Newgarden leads Indy 500 final practice, RHR's...
No description available...
18h ago from Motorsport.com
Josef Newgarden and team win Pit Stop Challenge in...
No description available...
15h ago from Motorsport.com
Costly Carb Day practice as Josef Newgarden fastest
Friday was Carb Day at the Indianapolis Motor Speedway, with drivers...
19h ago from MotorsportWeek.c...
‘A shock and a pity:’ Penske drivers respond to...
The past five days have been adventurous for all the wrong reasons for...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC signs new deal to race in Portugal until at least...
No description available...
1d ago from Motorsport.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
5d ago from Motorsport.com
WRC Portugal: Sebastien Ogier claims record-extending...
No description available...
5d ago from Motorsport.com
Sebastien Ogier laments “most demanding” rally...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Champions League final + Berta's big summer
Morning. A quick Saturday round-up for you, starting of course with the...
4h ago from Arseblog.com
Report: Liverpool on alert as Arsenal star refuses to...
Premier League champions Liverpool are monitoring the situation of one of...
3h ago from CaughtOffside.com
Arsenal star ready to join European giants because of...
Arsenal defender Jakub Kiwior is ready to leave the Emirates this summer,...
3h ago from SportsKeeda.com
Sky Sports journalist: Arsenal involved in talks to...
Arsenal are exploring the opportunity to strengthen their attack in the...
4h ago from CaughtOffside.com
Comments
Hottest News
LIVE: 2025 F1 Monaco Grand Prix - Free Practice 3
Follow live with all the action from Free... Read More »
2h ago from RacingNews365.com
Red Bull raises eyebrows with atypical Monaco upgrade
Red Bull's front brake upgrade has raised... Read More »
2h ago from RacingNews365.com
F1 2025 Monaco Grand Prix – FP3 Results
Ferrari's Charles Leclerc toppled Max Verstappen... Read More »
42m ago from MotorsportWeek.com
