News Details
F1 teams fail to take up share offer
Yesterday, 23 July, marked the deadline by which time the ten teams had to take up the offer of 19 million shares in F1. There were no takers. As part of its purchase of F1 in January, Liberty Media offered the ten teams the opportunity to invest in the series, thereby giving them a financial interest in its future. Initially, they were offered $1.1 billion worth of shares at the price ($21.26) the shares closed at on the day before the F1 buyout was announced. Had they taken advantage of the original offer, with the shares subsequently increasing 59.4% in value, the teams would have been laughing. However, leading the sceptics was Red Bull co-owner Dietrich Mateschitz, who admitted: 'I...
Full Story »
Full Story »
8y ago from Pitpass.com
0
You May Also Be Interested In...
Formula1blog.com Podcast #533- British GP review w/...
F1 News Formula1blog.com Podcast #533- British GP review w/ Tommy Byrne...
8y ago from Formula1Blog.com
F1 teams favour Super Softs for Hungary
– Formula 1 teams have overwhelmingly favoured the Super Soft...
8y ago from GPUpdate.net
Ferrari offer Vettel $138.5m, three-year deal
Sebastian Vettel has reportedly been offered a three-year deal worth...
8y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta explains what KTM needs to close the gap...
No description available...
18h ago from Motorsport.com
The weakness behind Marco Bezzecchi’s dominant...
No description available...
22h ago from Motorsport.com
MotoGP legend shares how ‘different level’ Marc...
Five-time 500cc champion Mick Doohan believes the way Marc Marquez...
1d ago from MotorsportWeek.c...
Fabio Quartararo staying “a little bit out” of...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Andretti lights up IndyCar Long Beach practice, Will...
The field of 25 drivers in the NTT IndyCar Series roared out of a...
10h ago from MotorsportWeek.c...
Will Power says father wrestling gunman was "just...
No description available...
12h ago from Motorsport.com
Current street course woes make Long Beach “a...
No description available...
17h ago from Motorsport.com
O'Ward: F1 has become an "artificial" show,...
No description available...
18h ago from Motorsport.com
Popular On TotalWRC.com
Ott Tanak lands 2027 WRC car testing role with Toyota
No description available...
18h ago from Motorsport.com
Thierry Neuville wants to "make everyone proud...
No description available...
19h ago from Motorsport.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Real Madrid want 100m Arsenal star, Gunners could...
Arsenal defender Jurrien Timber is reportedly a target for Real Madrid at...
3h ago from CaughtOffside.com
Saturday miscellany: Tactics, strikers, archives,...
Good morning. It's Saturday and there's a big game tomorrow, but I don't...
2h ago from Arseblog.com
Sources: Arsenal & Man United showing 'most...
Eduardo Camavinga has been heavily linked with a move away from Real...
5h ago from CaughtOffside.com
Papers: Arsenal interested in Leicester teenager as...
The top stories and transfer rumours from Saturday's newspapers...
11h ago from SkySports.com
Comments
Hottest News
Max Verstappen Nurburgring bid halted as qualifying red...
Qualifying for the first race of the ADAC 24h... Read More »
2h ago from GPFans.com
The Max Verstappen effect: Nurburgring lap record SMASHED...
Max Verstappen's recent exploits around the... Read More »
1h ago from GPFans.com
Doriane Pin to make Mercedes F1 history with debut today
Doriane Pin will be driving Mercedes' W12 at... Read More »
47m ago from RacingNews365.com
