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FIA gives green light to Liberty Media for sale of Formula 1
FIA gives green light to Liberty Media for sale of Formula 1 The World Motor Sport Council has unanimously approved the change of control of Delta Topco Limited (the holding company of the Formula One Group and thus the owner of the Commercial Rights of the FIA Formula One World Championship) from CVC Capital Partners in favour of Liberty Media Corporation at an extraordinary meeting today in Geneva. The transaction will see the transfer of 100% of the shares in Delta Topco to Liberty Media Group, one of the tracking stocks of Liberty Media Corporation. During the meeting, the representatives of the prospective new owner made a detailed presentation of their strategy. The members of the...
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7y ago from ThisIsF1.com
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