News Details
Liberty Media raises £1.2bn to support F1 takeover
XPB Images
Liberty Media has announced that it has reached agreements with third-party investors to raise $1.55 billion (£1.22bn) in connection with its purchase of Formula 1. Liberty currently has a 18.7% percent minority stake and is in the process of a takeover of the sport, which was announced last September is expected to be completed in the first quarter of 2017. The third-party investors - which are Coatue Management, L.L.C., the D. E. Shaw group, JANA Partners LLC, Ruane, Cunniff & Goldfarb Inc., Soroban Capital Partners LP, SPO Advisory Corp., and Viking Global Investors LP - have committed to the £1.22bn thanks to “subscriptions for newly issued shares of its...
Full Story »
Full Story »
You May Also Be Interested In...
Liberty Media agrees $1.55bn investor deal
– Liberty Media has announced that it has reached an agreement with...
9y ago from GPUpdate.net
Liberty Media shareholders set for January vote on F1...
Liberty Media shareholders will vote on whether or not the media...
9y ago from GrandPrixTimes.com
Liberty agrees $1.55bn deal with investors for F1...
Liberty Media has announced an agreement with third-party investors to...
9y ago from Motorsport.com
Liberty Media to vote on F1 buyout in January
Chase Carey with Bernie Ecclestone F1's acquisition by Liberty Media will...
9y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
The one area Ai Ogura must improve upon in 2026 MotoGP...
No description available...
49m ago from Motorsport.com
Johann Zarco set for early injury return at Aragon...
Johann Zarco is set for an earlier MotoGP return than anticipated after...
1d ago from MotorsportWeek.c...
Fabio Quartararo explains rationale behind Honda 2027...
No description available...
1d ago from Motorsport.com
Johann Zarco set to return at Aragon GP after...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
How Bud Denker turned a “dream” D.C. IndyCar race...
No description available...
2h ago from Motorsport.com
How to watch IndyCar 2026 at Washington D.C.: Weekend...
No description available...
21h ago from Motorsport.com
President Donald Trump to wave green flag and take...
No description available...
21h ago from Motorsport.com
Markham IndyCar event ‘missed the mark,’ promoter...
Last weekend’s IndyCar event on the streets of Markham, Ontario, Canada...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Sebastien Ogier ready for WRC return after Finland...
No description available...
4h ago from Motorsport.com
Champion rally driver Alex Fiorio dies aged 61
No description available...
3d ago from Motorsport.com
Esapekka Lappi to rejoin Hyundai for WRC Rally Chile
No description available...
2d ago from Motorsport.com
What to expect from WRC Rally Scotland after FIA test...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Mercedes F1 driver George Russell predicts where...
Mercedes F1 driver George Russell has predicted Arsenal to win the 2026/27...
39m ago from SportsKeeda.com
“I want to be hunted” - Arsenal boss Mikel Arteta...
Arsenal's manager Mikel Arteta has revealed that he prefers to approach...
1h ago from SportsKeeda.com
John Terry predicts result of Arsenal vs Chelsea as...
John Terry has insisted that Chelsea will register a 1-1 league draw at...
1h ago from SportsKeeda.com
Arsenal complete £51m Konsa deal
Arsenal have completed the £51m deal to sign defender Ezri Konsa from...
3h ago from SkySports.com
Comments
Hottest News
F1: Dutch Grand Prix: Practice - Times
Times from today's free practice session for the... Read More »
1h ago from Pitpass.com
Dutch Grand Prix Free Practice 1 - Results
Full results from Free Practice 1 for the Dutch... Read More »
1h ago from F1i.com
F1 Driver Salaries: Updated list with incredible new Max...
Max Verstappen has reset F1 driver salaries again... Read More »
3h ago from GPFans.com
