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 »
7y 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...
7y ago from F1i.com
Liberty Media shareholders approve F1 takeover
Liberty Media Corp announced that its shareholders voted to approve...
7y ago from GrandPrix247.com
Liberty Media stockholders approve proposals for F1...
Liberty Media has crept closer to its takeover of Formula 1 after...
7y 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...
7y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Acosta: “It would hurt" Ducati if Martin took...
No description available...
2h ago from Motorsport.com
Fabio Di Giannantonio to undergo surgery post-Thai...
Fabio Di Giannantonio has revealed he will undergo surgery on his left...
2h ago from MotorsportWeek.c...
Jorge Martin reveals he ‘had a lot of fears'...
Jorge Martin revealed that he 'had a lot of fears' in 2024 after a...
5h ago from MotorsportWeek.c...
How Acosta is snatching the show from a lengthy MotoGP...
No description available...
6h ago from Motorsport.com
Popular On IndyCarToday.com
Grand Prix of Arlington set to be IndyCar’s “first...
No description available...
54m ago from Motorsport.com
Foster not “a second choice” after losing...
No description available...
23h ago from Motorsport.com
Lundgaard feels “more natural pace” with Arrow...
No description available...
1d ago from Motorsport.com
Hailie Deegan shifting to Indy NXT for 2025 with HMD...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC teams weigh in on possible hybrid power U-turn for...
No description available...
2h ago from Motorsport.com
M-Sport's 2025 WRC driver line-up plans "up in...
No description available...
2d ago from Motorsport.com
Consistency Neuville's first focus as maiden WRC title...
No description available...
3d ago from Motorsport.com
Solberg's failed Rally Chile protest to be reheard by...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal keeping eye on 23-year-old Belgium...
No description available...
1h ago from SportsKeeda.com
'I wanted to be playing' - Emile Smith-Rowe explains...
No description available...
1h ago from SportsKeeda.com
'The toughest decision' – Premier League ace...
Former Arsenal star Emile Smith Rowe has opened up about his decision to...
2h ago from CaughtOffside.com
Paul Merson predicts Liverpool vs Chelsea and other...
No description available...
24m ago from SportsKeeda.com
Comments
Hottest News
F1: FIA acts on ride height 'cheat'
The FIA has reacted to suspicion that teams are... Read More »
1h ago from Pitpass.com
'FIA intervenes immediately: Competitors see one team...
The FIA already has its hands full before... Read More »
7h ago from GPBlog.com
Hamilton record title claim given HUGE Abu Dhabi 2021...
A verdict has been reached by fans over the... Read More »
3h ago from GPFans.com