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Liberty Media: Important for teams to invest in F1
Formula One's new owner Liberty Media is still hoping that competing teams will buy a stake in the sport once a takeover is completed and will reserve $400 million of shares for them, it said on Thursday. '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, in a statement. 'We look forward to working with the teams to increase the appeal of this iconic sport and enhance the F1 business.' Chase Carey, Chairman of F1, said, “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...
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8y ago from GrandPrix247.com
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