News Details
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...
Full Story »
Full Story »
9y ago from Pitpass.com
0
You May Also Be Interested In...
Liberty Media expects teams to buy into F1
Liberty Media expects teams to buy into F1 Formula 1 teams are expressing...
9y ago from ThisIsF1.com
Liberty Media take bigger bite of F1 pasty
F1 News Liberty Media take bigger bite of F1 pasty Toto says Mercedes has...
9y ago from Formula1Blog.com
Maffei: We expect teams will become owners in F1
Liberty Media chief executive Greg Maffei is counting on Formula 1 teams...
9y ago from GrandPrix247.com
Liberty Media want F1 internet streaming service
Liberty Media are keen to introduce a direct-to-consumer web based...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Dizziness to blame for Joan Mir's Malaysian GP...
No description available...
13h ago from Motorsport.com
MotoGP responds to Yamaha’s Qatar GP withdrawal
No description available...
17h ago from Motorsport.com
How Marc Marquez could wrap up the 2026 MotoGP title...
No description available...
16h ago from Motorsport.com
Unrest in the paddock as MotoGP retains Qatar GP amid...
MotoGP is set to head to the Lusail International Circuit under a cloud...
15h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Scott McLaughlin: IndyCar has ‘incredible'...
Scott McLaughlin started racing in the NTT IndyCar Series in 2021, coming...
1d ago from MotorsportWeek.c...
Pato O'Ward questions promoters in Mexico after...
No description available...
2d ago from Motorsport.com
How Spanish engineering and Álex Palou brought...
No description available...
3d ago from Motorsport.com
Barcelona joins 2027 IndyCar schedule in multiyear deal
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Dakar announces Portugal and Morocco as 2027 host...
No description available...
2d ago from Motorsport.com
Rally US reveals further details ahead of WRC 2027...
No description available...
5d ago from Motorsport.com
Sesks tight-lipped on WRC future after ERC season...
No description available...
6d ago from Motorsport.com
Dakar Rally moves 2027 event out of Saudi Arabia; new...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Defensive 'masterclass' and elite Rice - how Arsenal...
Not since 2012 - when current boss Mikel Arteta was commanding Arsenal's...
5h ago from SkySports.com
Player ratings: Liverpool 0-1 Arsenal
Arsenal secured their first win at Anfield since 2012 with a hard-fought...
7h ago from FreshArsenal.com
Liverpool star questions controversial VAR decision...
Liverpool captain Virgil van Dijk has questioned the decision not to award...
8h ago from CaughtOffside.com
‘We have to tell them to go down’: Iraola responds...
t;li>Manager rues two dismissed penalty claims by refereeIraola...
7h ago from TheGuardian.com
Comments
Hottest News
Furious Ferrari boss lays into Lewis Hamilton and Charles...
Lewis Hamilton and Charles Leclerc were subject... Read More »
4h ago from RacingNews365.com
George Russell F1 disappearance dents Mercedes Kimi...
George Russell's disappearing act dented... Read More »
2h ago from RacingNews365.com
F1: Mexico City Grand Prix: Race team notes - Mercedes
What Kimi has achieved today is extraordinary. Read More »
1h ago from Pitpass.com
