News Details

Liberty Media CEO addresses sale rumours amid Elon Musk's interest in buying F1

Liberty Media president and CEO Greg Maffei has silenced any rumours that the company is looking to sell the commercial rights to Formula 1, with the president assuring that they remain 'enthused' about the sport's future. Over recent months there have been reports of Liberty Media wanting to sell the sport, with an offer of $20 billion having reportedly come from Saudi Arabia’s Public Investment Fund. Whilst the rumoured offer was rejected, it was speculated at the recent Miami Grand Prix that two tech billionaires were very interested in investing in F1. It was reported by Fox Sports that Tesla founder Elon Musk and former Amazon CEO Jeff Bezos were interested in investing in the...
Full Story »
Share

You May Also Be Interested In...

Liberty CEO insists F1 sell-off 'not in the cards'

Liberty Media CEO Greg Maffei insists that the company has no interest in...
9mo ago from F1i.com

Liberty Media won't sell the rights: 'We are excited'

Formula 1's commercial rights holder Liberty Media has no plans to sell...
9mo ago from GPBlog.com

Liberty Media CEO responds to rumours of Saudi Arabia...

The CEO of Liberty Media, Greg Maffei, has suggested that F1's commercial...
9mo ago from MotorsportWeek.com

Selling F1 to Saudi Arabia “not in our cards”,...

Liberty Media CEO Greg Maffei says F1's commercial rights holder has no...
9mo ago from Crash.net

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Andretti shows of redesigned liveries for all three...

Andretti Global has shown off a trio of redesigned liveries for the 2024...

IndyCar to clamp down on dangerous weaving during Indy...

The extreme weaving maneuvers that Josef Newgarden employed to secure his...

Popular On TotalWRC.com

US ambassador Caroline Kennedy prepares for Shitbox...

a fundraising sausage sizzle ahead of the rally, Kennedy quoted the words...
1d ago from TheGuardian.com

Popular On GunnersToday.com

Player ratings: Arsenal 4-1 Newcastle

Arsenal were back to their sensational best on Saturday night with an...
4h ago from FreshArsenal.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.