News Details
Formula 1 poised for takeover by USA media conglomerate
Speculation is mounting that Formula 1 is about to be revamped by a U.S. corporate takeover that could bring new life and a higher profile for a sport that is struggling to attract new fans. Media reports suggest that F1's largest and controlling shareholder, the hedge fund CVC Capital Partners, is preparing to sell the business to U.S. media conglomerate Liberty Media for around $8.5 billion; more than four times CVC's original outlay in 2006. At last weekend's Italian Grand Prix, Formula One's commercial boss Bernie Ecclestone met with CVC co-chairman Donald Mackenzie, whose rare appearance in the paddock fueled speculation of an imminent deal. When speaking at Monza, however, the...
Full Story »
Full Story »
8y ago from GrandPrix247.com
0
You May Also Be Interested In...
Liberty Media F1 takeover could be days away
Formula 1 sale's to Liberty Media is on the verge of being completed, with...
8y ago from Motorsport.com
Agag: “I know nothing about” F1 takeover
Formula E CEO Alejandro Agag denies being approached to replace Bernie...
8y ago from FormulaSpy.com
Dithering may have cost Button a Williams seat
Although many reckon Thursday's announced that Felipe Massa is quitting...
8y ago from PlanetF1.com
Marko says Gasly to oust Kvyat reports are nonsense
Red Bull advisor Helmut Marko has slammed reports that Pierre Gasly is...
8y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia admits it is impossible to think...
No description available...
11h ago from Motorsport.com
Marc Marquez and Francesco Bagnaia called to MotoGP...
No description available...
11h ago from Motorsport.com
Fabio Quartararo explains "a real disaster"...
No description available...
12h ago from Motorsport.com
Marc Márquez wins battle of brothers to delight...
t;li>Alex Márquez and Fabio Di Giannantonio also on podiumSpaniard...
14h ago from TheGuardian.com
Popular On IndyCarToday.com
Winners and Losers from IndyCar’s Road America...
No description available...
5h ago from Motorsport.com
Ferrucci survives early race ‘mayhem’ to earn...
Santino Ferrucci finished third in Sunday’s race from Road America,...
6h ago from MotorsportWeek.c...
IndyCar Road America – Race Results
Road America was the scene of this weekend’s IndyCar event, and high...
7h ago from MotorsportWeek.c...
Santino Ferrucci hangs on for Road America podium,...
No description available...
6h ago from Motorsport.com
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
4d ago from MotorsportWeek.c...
FIA approves updated bodywork rules for WRC 2027...
No description available...
1w ago from Motorsport.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal receive boost in Rodrygo chase as sources...
Arsenal remain firmly interested in signing Real Madrid forward Rodrygo...
7h ago from FreshArsenal.com
Arsenal end talks to sign £70 million-rated star...
Arsenal have reportedly decided to end talks with Benjamin Sesko. The...
7h ago from SportsKeeda.com
Bayern Munich set sights on ‘incredible' Arsenal...
Bayern Munich have reportedly set their sights on Arsenal’s Gabriel...
11h ago from CaughtOffside.com
Surprise Premier League club eyeing up move for...
Brighton & Hove Albion have set their sights on Liverpool's Harvey Elliot...
11h ago from SportsKeeda.com
Comments
Hottest News
Legendary F1 TV presenter RETIREMENT confirmed
A former F1 presenter and sports broadcasting... Read More »
17h ago from GPFans.com
I’m an F1 superstar and I own a Ferrari, but I’d rather...
The surprising confession of one F1 star has... Read More »
7h ago from GPFans.com
Hamilton opens up about his technical impact on Ferrari
Seven-time F1 world champion Lewis Hamilton has... Read More »
4h ago from F1Technical.net
