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Top Stories of 2016, #2: Liberty Media takes command of F1
Our second biggest story of the 2016 motorsport season is that of US company Liberty Media purchasing a controlling interest in Formula 1, ending years of speculation about the sport's future ownership. At the start of September it was announced that cable king John Malone - through his Liberty Media group - had made a successful bid for the ownership of F1 parent company Delta Topco, and that the multi-phase takeover process was underway. The news was welcomed in the paddock, where discontentment with previous owners CVC had grown exponentially in recent years, the private equity firm even being accused of “raping the sport”. Malone has a reputation as a long-term operator able to...
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7y ago from Motorsport.com
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