News Details
Teams turn down Liberty offer to buy shares in F1
XPB Images
Formula 1 teams have turned down Liberty Media's offer to become shareholders of the sport, at least for now. Yesterday, the FIA gave its final blessing to the American company's takeover of Formula 1, with the deal expected to close by the end of this month. In a bid to give the leading actors of the sport an interest in its future, Liberty is offering up to 20 percent of Formula 1's commercial rights to the teams on favourable terms, although the stake would not include voting rights. Given the team's current refusal or hesitancy to invest, perhaps the terms aren't as favourable as Liberty claims. "I honestly don't know if I should buy shares," Red Bull...
Full Story »
Full Story »
You May Also Be Interested In...
Liberty Media shareholders approve F1 takeover
Liberty Media Corp announced that its shareholders voted to approve...
8y ago from GrandPrix247.com
Sold to you! Liberty shareholders approve F1 buyout
XPB Images
Liberty Media says that its shareholders have voted...
8y ago from F1i.com
FIA approves sale of F1 to Liberty Media
Liberty Media's takeover of Formula 1 was voted through unanimously by the...
8y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin provides injury update after Qatar MotoGP...
World Champion Jorge Martin says he is still experiencing “intense...
15h ago from MotorsportWeek.c...
Francesco Bagnaia explains ‘weak point' that...
Factory Ducati rider Francesco Bagania explained his "weak...
2d ago from MotorsportWeek.c...
Jorge Martin faces at least two weeks in Qatar hospital
No description available...
3d ago from Motorsport.com
Fabio Di Giannantonio horrified hitting a fallen Jorge...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar outlines replacement driver rules for Indy 500
The NTT IndyCar Series has released updated guidelines that will be...
1d ago from MotorsportWeek.c...
NFL star Rob Gronkowski named Grand Marshal of Indy...
Indianapolis Motor Speedway announced a unique appointment on Wednesday,...
1d ago from MotorsportWeek.c...
IndyCar sees 50% viewership drop on FOX after going...
No description available...
4d ago from Motorsport.com
From Europe to America: Dennis Hauger on why he...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Details of WRC’s first rally in Paraguay emerge
No description available...
1w ago from Motorsport.com
Outback diplomacy: Finnish ambassador braves...
o Haapea hopes to raise $30,000 for cancer research as he navigates the...
1w ago from TheGuardian.com
Popular On GunnersToday.com
'Spoken to players…' – Mikel Arteta makes...
Arsenal manager Mikel Arteta has made the exciting claim that players...
5h ago from CaughtOffside.com
Mikel Arteta drops mysterious Thomas Partey contract...
Arsenal manager Mikel Arteta provides the latest on Thomas Partey's...
9h ago from SportsMole.co.uk
Arsenal and Liverpool keeping tabs on 23-year-old...
Arsenal and Liverpool are keeping a close eye on Juventus midfielder...
10h ago from SportsKeeda.com
Arsenal's 'coming of age moment' against Real Madrid...
Arsenal's astounding 5-1 aggregate win over Real Madrid in the...
10h ago from SportsMole.co.uk
Comments
Hottest News
F1 Results Today: Lewis Hamilton in despair as crash...
Lewis Hamilton endured a miserable Friday during... Read More »
8h ago from GPFans.com
Lewis Hamilton devastated in Jeddah as star ruled out at...
Lewis Hamilton endured a miserable Friday at the... Read More »
4h ago from GPFans.com
David Croft forced to apologise for Karun Chandhok blasphemy
David Croft and Karun Chandhok endured an awkward... Read More »
7h ago from RacingNews365.com
