News Details
Teams reject opportunity to buy F1 shares
Teams have rejected the opportunity to invest in the F1 business after the deadline imposed by Liberty Media expired. When the final purchase by Liberty went through in January the teams were given six months to take up an offer to buy shares that were set aside for them, and that opportunity has now passed. A Liberty spokeswoman confirmed to Motorsport.com that none of the current teams offered shares took up the offer. However, Liberty says that it may give the teams further chances to invest in the future. In a statement, the company said said that "the investment opportunity offered to Formula 1 teams to purchase up to approximately 19 million shares of Series C Formula One common...
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8y ago from Motorsport.com
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