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Liberty asks teams to help pay for F1
Since Liberty Media appeared on the F1 scene the American company has been hailed by many as the saviour of the sport. Forecasts have stretched from Liberty boosting F1's social media presence and live streaming of races to keeping classic circuits alive. However, looking into the detail reveals a rather different picture. In fact Liberty has a sixth as much cash in the bank as F1 itself and, as Pitpass has reported, it is borrowing to fund the takeover. That's not all. It has now come to light in an article for Forbes by Christian Sylt that Liberty has even asked the teams for money so it can pay more cash to current F1 owner CVC. That's not what you expect from a white knight, especially...
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9y ago from Pitpass.com
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