News Details
Liberty Media in $4.4billion takeover of Formula 1
Liberty Media, a United States-based firm headed by media tycoon John Malone, have confirmed that they are in the process of purchasing Formula 1 in a deal said to be worth in excess of $4.4billion. The deal will see CVC Capital Partners, who have owned the championship since 2005, remain with a percentage of the Liberty Media Group shares, but will not have any control of voting shares. Liberty Media already have sporting interests in the United States with the Atlanta Braves baseball team and in satellite radio in the form of Sirius XM, and the first portion of the deal to take over Formula 1 will gain them an 18.7 percent stake, while the rest to be handed over when the deal gets closed...
Full Story »
Full Story »
9y ago from TheCheckeredFlag.co.uk
0
You May Also Be Interested In...
Liberty Media agrees to purchase F1
XPB Images
Liberty Media has agreed to purchase Formula One...
9y ago from F1i.com
Liberty Media begins $8billion F1 takeover
American media giant Liberty Media has revealed its first step towards a...
9y ago from Motorsport.com
Liberty Media F1 takeover could be days away
Formula 1 sale's to Liberty Media is on the verge of being completed, with...
9y ago from Motorsport.com
Agag: “I know nothing about” F1 takeover
Formula E CEO Alejandro Agag denies being approached to replace Bernie...
9y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
Why Ducati stronghold Jerez presents Aprilia’s...
No description available...
18h ago from Motorsport.com
MotoGP star Pedro Acosta wants to keep racing beyond 35
No description available...
20h ago from Motorsport.com
Giacomo Agostini backs 2027 MotoGP rules: “Wings...
No description available...
1d ago from Motorsport.com
Nicolo Bulega: If no 2027 MotoGP move arrives, it's...
Nicolo Bulega believes that not securing a 2027 MotoGP ride wouldn’t be...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
13h ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
14h ago from Motorsport.com
IndyCar names officiating director ahead of Indy 500
IndyCar Officiating has announced Scot Elkins as the new Managing...
14h ago from MotorsportWeek.c...
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
16h ago from Motorsport.com
Popular On TotalWRC.com
Why Dani Sordo is excited for his WRC topflight return
No description available...
1d ago from Motorsport.com
Ott Tanak lands 2027 WRC car testing role with Toyota
No description available...
4d ago from Motorsport.com
Thierry Neuville wants to "make everyone proud...
No description available...
4d ago from Motorsport.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal hold genuine interest in English...
According to Football London, Arsenal are now showing a very genuine...
56m ago from CaughtOffside.com
I don't want to throw it at the wall
Morning all. I don't know if this happened, but it wouldn't surprise if me...
46m ago from Arseblog.com
Report: Arsenal in contention to sign 12 G/A...
Arsenal are reportedly one of the clubs in the mix for the potential...
2h ago from CaughtOffside.com
Bernardo Silva’s performance against Arsenal shows...
Manchester City captain’s all-action display captured what has made him...
26m ago from TheGuardian.com
Comments
Hottest News
Max Verstappen to leave Red Bull BEFORE Gianpiero Lambiase...
Max Verstappen is likely to leave Red Bull before... Read More »
56m ago from GPFans.com
Lewis Hamilton and Kim Kardashian pack on the PDA in...
All those rumours about a Lewis Hamilton x Kim... Read More »
1h ago from GPFans.com
Opel reveal stunning Formula E Gen4 livery
Opel will certainly be easy to spot in Formula E... Read More »
36m ago from RacingNews365.com
