News Details
F1 teams fail to take up share offer
Yesterday, 23 July, marked the deadline by which time the ten teams had to take up the offer of 19 million shares in F1. There were no takers. As part of its purchase of F1 in January, Liberty Media offered the ten teams the opportunity to invest in the series, thereby giving them a financial interest in its future. Initially, they were offered $1.1 billion worth of shares at the price ($21.26) the shares closed at on the day before the F1 buyout was announced. Had they taken advantage of the original offer, with the shares subsequently increasing 59.4% in value, the teams would have been laughing. However, leading the sceptics was Red Bull co-owner Dietrich Mateschitz, who admitted: 'I...
Full Story »
Full Story »
8y ago from Pitpass.com
0
You May Also Be Interested In...
Formula1blog.com Podcast #533- British GP review w/...
F1 News Formula1blog.com Podcast #533- British GP review w/ Tommy Byrne...
8y ago from Formula1Blog.com
F1 teams favour Super Softs for Hungary
– Formula 1 teams have overwhelmingly favoured the Super Soft...
8y ago from GPUpdate.net
Ferrari offer Vettel $138.5m, three-year deal
Sebastian Vettel has reportedly been offered a three-year deal worth...
8y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin: “Game on” between Aprilia and Ducati...
No description available...
9h ago from Motorsport.com
"Maybe I forgot how to ride a MotoGP" bike,...
No description available...
13h ago from Motorsport.com
MotoGP bans front holeshot devices immediately, tweaks...
No description available...
1d ago from Motorsport.com
Ducati announces Marc Marquez contract extension...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
Winners and losers from the IndyCar race at Road...
No description available...
7h ago from Motorsport.com
HRC US boss apologizes to Armstrong for “failure”...
No description available...
1d ago from Motorsport.com
Will Power and Graham Rahal at odds over last lap...
On the final lap of Sunday’s IndyCar event from Road America, veterans...
1d ago from MotorsportWeek.c...
How Christian Lundgaard went from zero to hero at Road...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
FIA announces Rally2 car upgrade kit to increase...
No description available...
11h ago from Motorsport.com
Vital step made towards USA return on 2027 WRC calendar
No description available...
4d ago from Motorsport.com
FIA president sets timeline to announce new WRC...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Video appears to show Djed Spence snubbing Thomas...
England full-back Djed Spence appeared to snub a handshake with Ghana...
1h ago from CaughtOffside.com
Arsenal now in direct talks to sign highly-rated...
Arsenal have opened direct talks with Leicester City over a deal for...
2h ago from CaughtOffside.com
Video: Man United & Arsenal transfer target...
Portugal forward Rafael Leao scored his country's 5th goal as they...
2h ago from CaughtOffside.com
Atletico Madrid want PL side to include £64m star in...
Atletico Madrid are pushing to sell Julian Alvarez to Arsenal after his...
2h ago from SportsKeeda.com
Comments
Hottest News
Audi Deployed Upgraded F1 Engine At Barcelona After...
Audi caught the Formula 1 paddock off guard by... Read More »
2h ago from Formula1News.co.uk
The heartbreaking question Liam Lawson's brother asked his...
F1 star Liam Lawson has opened up about the heavy... Read More »
2h ago from GPFans.com
Adrian Newey and Aston Martin redemption is coming and it's...
We all know Aston Martin are terrible and the... Read More »
4h ago from GPFans.com
