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Liberty Media offer teams a double edged sword
Liberty Media have made Formula 1 teams an offer to buy into the sport, allocating a fifth of the total shares on offer for this purpose but it comes with a twist. As part of the acquisition of Formula 1, Liberty are offering the 20% shares still owned by CVC to the teams at $22 per share, but no team can purchase more than 5% off these. At current value one percent equals approximately $40 million which is affordable to top teams such as Mercedes, Red Bull, Renault and Ferrari, but not so attractive to the privateer teams of which some are struggling to survive in the current economic climate. Nevertheless the offer is on the table with CVC giving teams until the end of January to make a...
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9y ago from GrandPrix247.com
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