News Details
CVC will retain large stake in F1 following Liberty Media takeover
Liberty Media announced on Wednesday that it would complete a deal to takeover Formula 1 from a 'consortium of sellers led by CVC' - the sport's current majority owner - which would give it a majority stake and therefore control of the sport. Some have praised the deal as it breaks ties with current owner CVC which, despite having owned the sport since 2006, has done very little to increase Formula 1's appeal, instead choosing to suck as much profit out of it as possible, which is of course the aim of an investment fund. Now Liberty Media, a company which has stakes in sports teams and media companies, has come along with the promise of investing in the sport to grow its...
Full Story »
Full Story »
9y ago from GrandPrixTimes.com
0
You May Also Be Interested In...
CVC sale of F1 to Liberty Media for $8.5 billion is a...
The deal is definitely done on the sale of Formula 1's majority stake by...
9y ago from GrandPrix247.com
US tycoon’s Liberty Media to takeover F1 for $8.5...
US tycoon's Liberty Media to takeover F1 for $8.5 billion The deal is...
9y ago from ThisIsF1.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
F1 teams will get opportunity to invest under new...
Formula 1 teams will be given the opportunity to invest in the sport in...
9y ago from GrandPrixTimes.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin: 'Aprilia feels like my bike now'
No description available...
57m ago from Motorsport.com
Joan Mir: I deserve to stay in Honda’s factory...
No description available...
2h ago from Motorsport.com
Enea Bastianini frustrated by MotoGP safety inaction;...
No description available...
4h ago from Motorsport.com
Marc Marquez opens up on Austin MotoGP injury struggles
No description available...
5h ago from Motorsport.com
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...
1d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
2d ago from Motorsport.com
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
2d ago from Motorsport.com
IndyCar names officiating director ahead of Indy 500
IndyCar Officiating has announced Scot Elkins as the new Managing...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Everything we know about the WRC’s newest constructor
No description available...
57m ago from Motorsport.com
New constructor set to join WRC top tier in 2027
No description available...
3h ago from Motorsport.com
How Rally Islas Canarias could crown another new WRC...
No description available...
1d ago from Motorsport.com
Why Dani Sordo is excited for his WRC topflight return
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal & Chelsea handed chance to sign serial...
Bernardo Silva has been linked with a move away from Manchester City at...
57m ago from CaughtOffside.com
'I just want them to remind themselves where they are'...
Arsenal legend Patrick Vieira has urged the Gunners to remind themselves...
37m ago from SportsKeeda.com
Arsenal eyeing up summer move for 21-year-old defender...
Arsenal are reportedly considering signing 21-year-old Sporting CP...
1h ago from SportsKeeda.com
Ian Wright insists Arsenal star should win PFA POTY...
Arsenal legend Ian Wright has backed Declan Rice to win the Ballon d'Or...
3h ago from SportsKeeda.com
Comments
Hottest News
Oliver Bearman makes frank admission that Ferrari F1 seat...
Oliver Bearman has admitted that earning a... Read More »
1h ago from MotorsportWeek.com
Zak Brown says ties and ownership between Formula 1 teams...
Zak Brown has reiterated his opposition to... Read More »
1h ago from GrandPrix247.com
F1 teams oppose plans to let controversial race go ahead
Formula 1 teams are reportedly pushing back... Read More »
1h ago from GPFans.com
