News Details
Liberty reserves shares for teams
Liberty Media is to set aside $400m shares in F1 in the hope that the teams will purchase them. 'We think it's important to offer the teams the chance to invest in F1 and further align our interests,' said Greg Maffei, Liberty's President and Chief Executive Officer, of the move. 'We look forward to working with the teams to increase the appeal of this iconic sport and enhance the F1 business.' 'Several of the teams have expressed interest in investing and we have already begun productive discussions to make the sport more competitive and even more exciting,' added F1 Chairman, Chase Carey. The move sees 19 million shares (worth $400m) that would otherwise have been issuable to the selling...
Full Story »
Full Story »
9y ago from Pitpass.com
0
You May Also Be Interested In...
Teams turn down Liberty offer to buy shares in F1
XPB Images
Formula 1 teams have turned down Liberty Media's...
9y ago from F1i.com
Liberty Media shareholders approve F1 takeover
Liberty Media Corp announced that its shareholders voted to approve...
9y ago from GrandPrix247.com
Liberty Media stockholders approve proposals for F1...
Liberty Media has crept closer to its takeover of Formula 1 after...
9y ago from MotorsportWeek.com
FIA approves sale of F1 to Liberty Media
Liberty Media's takeover of Formula 1 was voted through unanimously by the...
9y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Honda’s Joan Mir believes Ducati has given rivals a...
No description available...
5h ago from Motorsport.com
How Ducati sent a warning to its MotoGP rivals at...
No description available...
9h ago from Motorsport.com
Pedro Acosta rates Sepang MotoGP test “six out of...
No description available...
10h ago from Motorsport.com
Popular On IndyCarToday.com
Zak Brown “would love” Indy 500 reunion with...
No description available...
1d ago from Motorsport.com
Arrow McLaren officially opens doors to new home in...
No description available...
22h ago from Motorsport.com
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
1d ago from MotorsportWeek.c...
Mick Schumacher building confidence after first...
Mick Schumacher completed his first oval laps in an IndyCar on Wednesday...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
5h ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
1d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
3d ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
2w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal plot summer coup for 'incredible' talent who...
Arsenal are interested in signing the Bournemouth attacker Eli Junior...
47m ago from CaughtOffside.com
Arsenal & Real Madrid queue for 90m star as agent...
Newcastle United midfielder Sandro Tonali has been linked with a move away...
57m ago from CaughtOffside.com
Arsenal latest: Merson - Gunners players don't trust...
No description available...
1h ago from SkySports.com
Has the Premier League's TV Deal Made Mid-Table Clubs...
The Premier League’s 2025-29 deal was worth £6.7 billion. Have the vast...
4h ago from CaughtOffside.com
Comments
Hottest News
F1: Engine row reaching crisis point?
Before a wheel has turned in anger, the start of... Read More »
4h ago from Pitpass.com
F1ANALYSIS: What kit suppliers teams are set to work with...
As Formula 1 prepares for a transformative 2026... Read More »
57m ago from F1Technical.net
Red Bull cuts ties with the last remnants of Christian...
Red Bull has made sweeping changes behind the... Read More »
2h ago from MotorsportWeek.com
