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Horner: Liberty takeover is positive for Formula 1
Red Bull team principal Christian Horner believes Liberty Media's takeover of Formula One will help the sport crack the U.S. market and bring in a strategy to ensure the long-term success of motor sport's most prestigious series. The deal struck earlier this month is valued at $8 billion including debt and gives the American media and telecoms business effective control of a sport run for so long by British chief executive Bernie Ecclestone who was seen hosting Liberty's Chase Carey in the Marina Bay paddock. 'From what we've heard so far it sounds very positive,' Horner told reporters after free practice for the Singapore Grand Prix on Friday. 'They are part of a very serious group and I...
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10y ago from GrandPrix247.com
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