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Liberty Media completes purchase of Formula 1
The Liberty Media Corporation have announced they have completed the purchase of Formula 1, and one of their first moves is to appoint Chase Carey as the new Chief Executive Officer. Carey will take on the responsibilities previously held by Bernie Ecclestone, who himself has been appointed as the new Chairman Emeritus of Formula 1, with the aim of providing advice to the new board. Greg Maffei, the President and CEO of the Liberty Media Corporation, has admitted his delight to have completed the buyout of Formula 1, and in having Mr Carey come in as the new CEO of Formula 1. “We are delighted to have completed the acquisition of F1 and that Chase will lead this business as CEO,” said...
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8y ago from TheCheckeredFlag.co.uk
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