News Details
Liberty Media urges teams to have a vested interest in F1
©WRI2
Liberty Media, or the Formula One Group as we should now call it, is urging teams to invest in the sport despite their apparent reluctance to do so. The company has set aside $400 million worth of shares, offered to the teams at a price of $21.26 which represents almost a 25 percent discount to Thursday's closing stock price of Liberty Media in New York . "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 CEO. "We look forward to working with the teams to increase the appeal of this iconic sport and enhance the F1 business." Teams turn down Liberty offer to buy shares...
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
Liberty Media offers shares to F1 teams
Prospective Formula 1 owners Liberty Media will offer shares in the sport...
8y ago from MotorsportWeek.com
FIA approve Liberty Media takeover of Formula 1
Formula One's governing body gave its approval on Wednesday to CVC...
8y ago from GrandPrix247.com
Liberty Media stockholders approve proposals for F1...
Liberty Media has crept closer to its takeover of Formula 1 after...
8y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Unpacking the art of value betting in MotoGP
Value betting in MotoGP is a strategic blend of data analysis,...
11h ago from MotorsportWeek.c...
Why Alex Rins can't wait for Yamaha's V4 engine
No description available...
3d ago from Motorsport.com
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
1w ago from Motorsport.com
Brazil replaces Argentina as 2026 MotoGP calendar...
The 2026 MotoGP calendar has officially been released and the new season...
4d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Colton Herta praises IndyCar's delayed cautions;...
No description available...
17h ago from Motorsport.com
The winners and losers from IndyCar’s Grand Prix of...
No description available...
1d ago from Motorsport.com
IndyCar Laguna Seca – Race Results
IndyCar traveled clear across the country since last weekend’s race,...
1d ago from MotorsportWeek.c...
Untouchable Alex Palou eases to IndyCar victory at...
The IndyCar paddock travelled over 2700 miles from the event last...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
1w ago from Motorsport.com
Monaco GP circuit stage in frame for WRC comeback in...
No description available...
3d ago from Motorsport.com
Oliver Solberg stuns WRC field to lead Rally Estonia...
No description available...
1w ago from Motorsport.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal set important condition to sign Eberechi Eze...
Arsenal are reportedly willing to move for Crystal Palace's Eberechi Eze...
48m ago from SportsKeeda.com
Millie Bright says England star who could ‘run...
England defender Millie Bright believes Lucy Bronze deserved to win the...
2h ago from SportsKeeda.com
Proper Arsenal
Morning all. I’m not entirely sure if Andrew is on a plane or already...
3h ago from Arseblog.com
Sources: Arsenal lead Man United and Man City in race...
One of the most exciting transfer stories of the summer is heating up,...
4h ago from CaughtOffside.com
Comments
Hottest News
Red Bull F1 boss reveals 'extremely difficult' talks with...
Christian Horner’s replacement at Red Bull,... Read More »
1h ago from GPFans.com
Marko confirms Verstappen, Russell close to huge Merc deal
Jul.29 Max Verstappen will stay at Red Bull for... Read More »
2h ago from OneStopStrategy.com
Lewis Hamilton backed by Sky F1 star after tense exchange...
Lewis Hamilton has been supported by Sky Sports... Read More »
2h ago from GPFans.com
