News Details
Official: Liberty Media purchases F1 for $8bn
Media giant Liberty Media has confirmed that it is to buy Formula One in a deal worth $8bn. Initially, the company, which is controlled by John Malone, will purchase an 18.7% stake in Formula 1 for $746m, with the remainder of the buy-out coming in the first quarter of 2017. After completion of the acquisition, Liberty Media will own Formula One and it will be attributed to the Liberty Media Group which will be renamed the Formula One Group. The consortium of sellers led by CVC will own approximately 65% of the Formula One Group's equity and will have board representation at Formula One to support Liberty Media in continuing to develop the full potential of the sport. In addition, a CVC...
Full Story »
Full Story »
9y ago from Pitpass.com
0
You May Also Be Interested In...
Official: F1 Sold to Liberty Media
It has just been confirmed that F1 has officially been sold to US Company...
9y ago from F1.co.uk
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 buys Formula One
US communications billionaire John Malone's Liberty Media announced on...
9y ago from SuperSport.com
Formula 1 sale to Liberty Media to go ahead next week
A sale of Formula 1 to Liberty Media is to go ahead next week, respected...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Explained: the error that led to Fabio Quartararo’s...
No description available...
20h ago from Motorsport.com
MotoGP's tightest title race in years: What...
The numbers back that up. According to Crash.net's post-race breakdown,...
1d ago from MotorsportWeek.c...
How to fix small paint chips like a motorsport mechanic
The good news is that most everyday chips can be stabilised and blended...
1d ago from MotorsportWeek.c...
“This is not F1 on two wheels” - Carlos Ezpeleta...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Frustration in Markham: IndyCar President Boles calls...
No description available...
8h ago from Motorsport.com
IndyCar forced to reschedule Friday practice due to...
The NTT IndyCar series will not be completing its first practice session...
9h ago from MotorsportWeek.c...
Markham IndyCar debut delayed by unfinished track...
No description available...
12h ago from Motorsport.com
FOX Sports reveals broadcast team for inaugural...
No description available...
11h ago from Motorsport.com
Popular On TotalWRC.com
What to expect from WRC Rally Scotland after FIA test...
No description available...
4d ago from Motorsport.com
Thierry Neuville claims WRC Rally Finland was...
No description available...
1w ago from Motorsport.com
FIA sets deadline for WRC Saudi Arabia decision
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
“No one dead” - Fabrizio Romano responds after...
Football journalist Fabrizio Romano responded to reports that staff at...
1h ago from SportsKeeda.com
Arsenal agree personal terms with star as £65m...
Arsenal are on the verge of securing the services of Ezri Konsa, who has...
11m ago from CaughtOffside.com
‘Not going to be an issue’: Mikel Arteta relaxed...
t;li>Manager’s deal expires at end of the new season‘They don’t...
10h ago from TheGuardian.com
Arteta says he will sign new Arsenal contract in...
Mikel Arteta has revealed he will sign a new Arsenal contract and there is...
10h ago from SkySports.com
Comments
Hottest News
Christian Horner F1 return: Key deadline looms with $10bn...
Christian Horner's best chance of returning to F1... Read More »
1h ago from GPFans.com
Toto Wolff heralds key Mercedes figure over Kimi Antonelli...
Kimi Antonelli has come on leaps and bounds in... Read More »
1h ago from RacingNews365.com
On this Day in Formula 1: Stewart crowned, Lauda debuts and...
August 15 has delivered championship... Read More »
1h ago from GrandPrix247.com
