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Ferrari wants clarity before F1 investment
– Sergio Marchionne says he is open to Ferrari becoming a Formula 1 shareholder but wants more clarity from the sport's new owner, Liberty Media, before committing to any plans.American media company Liberty, which completed its takeover last month, has given teams the chance to buy shares in F1, which have been reserved at a purchase price of $21.26."We think it's important to offer the teams the chance to invest in Formula 1 and further align our interests," commented Liberty Media President and Chief Executive Officer at the time.However, amid reports that teams are showing little interest, Ferrari President Marchionne highlighted existing commercial agreements –...
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7y ago from GPUpdate.net
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