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 »
10y 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...
10y ago from F1i.com
Liberty Media begins $8billion F1 takeover
American media giant Liberty Media has revealed its first step towards a...
10y 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...
10y ago from Motorsport.com
Agag: “I know nothing about” F1 takeover
Formula E CEO Alejandro Agag denies being approached to replace Bernie...
10y ago from FormulaSpy.com
Elsewhere On The Network
Popular On MGPToday.com
The three big unknowns MotoGP riders face at the...
No description available...
2h ago from Motorsport.com
2026 MotoGP Japanese Grand Prix – How to watch,...
No description available...
3h ago from Motorsport.com
Honda confirms Red Bull return as sponsor in MotoGP
No description available...
8h ago from Motorsport.com
Maverick Vinales: “I don't understand what KTM wants...
No description available...
10h ago from Motorsport.com
Popular On IndyCarToday.com
Ganassi on Lundgaard signing: “When is the last time...
No description available...
1d ago from Motorsport.com
IndyCar Officiating retains leadership into second...
The Independent Officiating Board, which officiates all aspects of the...
1d ago from MotorsportWeek.c...
IndyCar retains Independent Officiating Board...
No description available...
1d ago from Motorsport.com
Christian Lundgaard’s values as important as results...
Chip Ganassi Racing is embarking on a new chapter with it’s famed #9...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Rally Italy: Title contender Oliver Solberg grabs...
No description available...
42m ago from Motorsport.com
Why Ford's WRC comeback was a “fairly easy...
No description available...
1h ago from Motorsport.com
Ford is back: Blue Oval returns to the WRC!
The Blue Oval is coming home. Ford will return to the FIA World Rally...
3h ago from MotorsportWeek.c...
Popular On GunnersToday.com
Bargain £80m price tag set as Arsenal register...
Bournemouth forward Eli Junior Kroupi is reportedly valued at around £80m...
3h ago from CaughtOffside.com
Arsenal had 65m bid rejected for Bundesliga player...
Arsenal reportedly made a serious attempt to sign Jarell Quansah during...
4h ago from CaughtOffside.com
Arsenal handed Endrick boost as Real Madrid make...
Arsenal may have received an encouraging transfer boost, with Real Madrid...
6h ago from CaughtOffside.com
Positive injury news for Arsenal star who is yet to...
Arsenal defender William Saliba is reportedly running again after an...
5h ago from CaughtOffside.com
Comments
Hottest News
Audi announces major plans for ‘next chapter' of F1...
Audi has announced plans to build a brand-new... Read More »
1h ago from MotorsportWeek.com
Haas boss drops subtle clue towards real reason for Esteban...
Haas Team Principal Ayao Komatsu has spoken out... Read More »
3h ago from MotorsportWeek.com
F1: Hamilton points the finger
Lewis Hamilton claims that speculation over Fred... Read More »
4h ago from Pitpass.com
