News Details
China Media Capital set to buyout F1 for $8.5bn
China Media Capital set to buyout F1 for $8.5bn According to a Sky News report on Friday, China Media Capital (CMC) is leading a group of Chinese firms to back a $8.5bn takeover bid for Formula 1 within the next 90 days. The bidders are one of China's most largest investment firms, willing to invest roughly $1.5 billion in the offer being assembled by Stephen Ross, owner of the Miami Dolphins, a professional American football team, reported Xinhua citing Sky News. The proposed takeover of F1, which remains far from certain to take place, still requires roughly $2 billion in additional equity from other investors. CVC, F1's majority shareholder since 2005 are set to respond to the...
Full Story »
Full Story »
10y ago from ThisIsF1.com
0
You May Also Be Interested In...
Lotus takeover far from completion
Lotus admit they 'don't even have a list of possible names' who will...
10y ago from PlanetF1.com
Lotus takeover set to drag on
XPB Images
Renault's planned buyout of Lotus may still be a...
10y ago from F1i.com
Lotus F1 takeover unlikely until December – Gastaldi
Lotus F1 takeover unlikely until December – Gastaldi Posted On 14...
10y ago from ThisIsF1.com
'Red Bull being forced out of F1'
scathing attack on Formula 1 has been launched by the Speedweek...
10y ago from SkySports.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati: Marc Marquez has “determination of a rookie...
No description available...
21m ago from Motorsport.com
KTM’s 850cc engine for 2027 MotoGP season breaks...
No description available...
1d ago from Motorsport.com
Why Ducati faces its most complicated contract renewal...
No description available...
2d ago from Motorsport.com
Why Jack Miller and Alex Rins see more potential in...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar looking to add ‘more events, not just...
IndyCar has identified a need to make sure future races on the calendar...
16h ago from MotorsportWeek.c...
JHR retains Sting Ray Robb for second season
Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...
3d ago from MotorsportWeek.c...
Sting Ray Robb to continue with Juncos Racing for 2026...
No description available...
3d ago from Motorsport.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hayden Paddon, Esapekka Lappi and Dani Sordo join...
No description available...
1d ago from Motorsport.com
Sports quiz of the week: Premier League goals, Ashes...
No description available...
1d ago from TheGuardian.com
Hyundai World Rally Team reverts to shared third car...
Hyundai Motorsport has announced its full line-up for the 2026 FIA World...
1d ago from MotorsportWeek.c...
Oliver Solberg steps up WRC 2026 preparations with...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Aston Villa v Arsenal – live blog
Join us for live blog coverage of our Premier League clash away to Aston...
41m ago from Arseblog.com
“Shouldn’t be starting”, “Don’t overdo...
Arsenal fans on X are unhappy with Mikel Arteta’s decision to name Mikel...
21m ago from SportsKeeda.com
Aston Villa v Arsenal: Premier League – live
Premier League updates from the 12.30pm GMT kick-off<br>⚽ <a...
1h ago from TheGuardian.com
Sources: Arsenal rival Man City for versatile talent...
Arsenal and Manchester City are among the clubs most interested in a...
3h ago from CaughtOffside.com
Comments
Hottest News
Why Hulkenberg skipped Hamilton's driver dinner
Dec.6 Lewis Hamilton invited all 19 fellow... Read More »
6h ago from OneStopStrategy.com
Mercedes rally Hamilton as private talks with Wolff revealed
Mercedes F1 team representative Bradley Lord has... Read More »
1h ago from GPFans.com
F1: Russell quickest in final practice
Russell edges out Norris and Verstappen in final... Read More »
51m ago from Pitpass.com
