News Details
F1 teams fail to take up share offer
Yesterday, 23 July, marked the deadline by which time the ten teams had to take up the offer of 19 million shares in F1. There were no takers. As part of its purchase of F1 in January, Liberty Media offered the ten teams the opportunity to invest in the series, thereby giving them a financial interest in its future. Initially, they were offered $1.1 billion worth of shares at the price ($21.26) the shares closed at on the day before the F1 buyout was announced. Had they taken advantage of the original offer, with the shares subsequently increasing 59.4% in value, the teams would have been laughing. However, leading the sceptics was Red Bull co-owner Dietrich Mateschitz, who admitted: 'I...
Full Story »
Full Story »
8y ago from Pitpass.com
0
You May Also Be Interested In...
Formula1blog.com Podcast #533- British GP review w/...
F1 News Formula1blog.com Podcast #533- British GP review w/ Tommy Byrne...
8y ago from Formula1Blog.com
F1 teams favour Super Softs for Hungary
– Formula 1 teams have overwhelmingly favoured the Super Soft...
8y ago from GPUpdate.net
Ferrari offer Vettel $138.5m, three-year deal
Sebastian Vettel has reportedly been offered a three-year deal worth...
8y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
The full 2026 MotoGP grid: Riders, teams and...
No description available...
2h ago from Motorsport.com
Toprak Razgatlioglu braced for tough rookie season in...
No description available...
2h ago from Motorsport.com
The philosophy change that has turned Aprilia into a...
No description available...
23h ago from Motorsport.com
Diogo Moreira promoted to LCR Honda for 2026 MotoGP...
LCR Honda has officially announced three-time Moto2 race winner Diogo...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Rinus VeeKay signs with Juncos Hollinger Racing for...
Juncos Hollinger Racing has announced that it has signed Rinus VeeKay for...
21h ago from MotorsportWeek.c...
WATCH: Alex Palou talks F1 dream, perfecting his craft...
No description available...
18h ago from Motorsport.com
Mick Schumacher is “very open” to exploring an...
No description available...
22h ago from Motorsport.com
Mick Schumacher revived love of open wheel driving...
Mick Schumacher completed his first ever IndyCar test on Monday, turning...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai Motorsport appoints Andrew Wheatley as WRC...
Hyundai Motorsport has strengthened its team with the appointment of...
1d ago from MotorsportWeek.c...
Hyundai hires former FIA rally boss in new WRC role
No description available...
1d ago from Motorsport.com
Hold on to your TV remotes – More than Machine 2 is...
After winning widespread praise from fans whilst also earning nominations...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
'Incredible player' – Arsenal star believes they...
Arsenal centre-back Cristhian Mosquera has made the big claim that Gunners...
1h ago from CaughtOffside.com
Arsenal boys on the scoresheet as the Interlull ends
Morning. The Arsenal lads were among the goals yesterday as the October...
5h ago from Arseblog.com
'I don’t mean to compare' - Arsenal summer signing...
Arsenal defender Cristhian Mosquera has revealed that Max Dowman is...
3h ago from SportsKeeda.com
2 shots on target, 2 goals: Arsenal star sends message...
Arsenal midfielder Mikel Merino put in another superb performance for the...
14h ago from CaughtOffside.com
Comments
Hottest News
F1 star Valtteri Bottas replaced in shock driver reveal
F1 star Valtteri Bottas has been at the centre of... Read More »
1h ago from GPFans.com
Christian Horner 'in talks' with Ferrari to become Lewis...
Christian Horner has entered into talks to become... Read More »
5h ago from GPFans.com
Lewis Hamilton mocks 'big pimpin' Ferrari team-mate Charles...
Lewis Hamilton described his Ferrari F1 team-mate... Read More »
52m ago from GPFans.com
