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Liberty Media rubishes "F1 for sale" rumours
Liberty Media have denied the claims that they're willing to sell stock in Formula 1, as they claimed the reports shouldn't be taken seriously when asked to respond to the rumours. Earlier, John Wall Street reported Liberty Global would be willing to let go of some of their shares in F1 just three years after initially acquiring the major stake. "Less than 3 years after Liberty Global acquired Formula One, the company is reportedly exploring scenarios that would decrease their stake in the international racing circuit; everything from an exit to the introduction of new equity partners in on the table," the report reads. "Liberty has failed to add races...
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6y ago from GPBlog.com
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