News Details

Liberty to sell F1 shares to fund MotoGP deal

Aug.22 Liberty Media will partly fund its acquisition of MotoGP by selling more than 10 million shares in Formula 1. 'Liberty Media intends to exercise its option to deliver additional cash in lieu of shares of (Formula 1) as part of its previously disclosed proposed acquisition of Dorna Sports,' part of an official media statement read. The statement implies that Dorna, the commercial rights holder of MotoGP, is demanding to be paid in cash rather than Formula 1 shares. Liberty announced its deal to buy MotoGP, the two-wheeled equivalent to F1, in early April this year. The company said at the time that MotoGP will 'remain an independently run company attributed to Liberty Media's...
Full Story »
Share

You May Also Be Interested In...

Liberty admits US gov't Andretti F1 probe underway

Aug.15 The CEO of Formula 1's owner, Liberty Media, has confirmed the...
3mo ago from OneStopStrategy.com

Liberty not involved in Perez future decision –...

Aug.15 Dr Helmut Marko has hit back at reports suggesting Formula 1...
3mo ago from OneStopStrategy.com

Praise for Verstappen: 'Max would succeed in this...

Ten seasons have now passed and in that time Formula E has developed into...
3mo ago from GPBlog.com

How has Formula One contributed to a better, more...

Formula One has taken key steps in recent months to achieve a more...
3mo ago from F1Technical.net

Elsewhere On The Network

Popular On MGPToday.com

Maverick Vinales has a ‘good feeling' about...

Maverick Vinales says he has “a good feeling” about his relationship...
15h ago from MotorsportWeek.c...

Ducati trials two-way radio communication in Barcelona...

Ducati has reportedly trialled a two-way radio at the end of the recent...

Popular On IndyCarToday.com

NFL Hall of Famer announced as Indy 500 pace car driver

Michael Strahan, an American football Hall of Fame athlete and television...
13h ago from MotorsportWeek.c...

MSR believes Logan Sargeant deserves a chance in...

Earlier in the week, Logan Sargeant joined a few other drivers in...

Popular On TotalWRC.com

Popular On GunnersToday.com

Almost a perfect weekend for Arsenal, plus what next...

Almost a perfect weekend for Arsenal, so what’s the state of the title...
9h ago from CaughtOffside.com

'Quality player' – Arsenal expert responds to...

Arsenal journalist Charles Watts has responded to the recent stories about...
13h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.