News Details
Liberty Media begins $8billion F1 takeover
American media giant Liberty Media has revealed its first step towards a takeover of Formula 1, which will cost $8billion in total. Liberty Media will take an 18.7 percent stake in F1 in the short term. The initial step is a $1.1billion cash deal, with Chase Carey – the executive vice chairman of 21st Century Fox – to be installed as F1’s new chairman. “I am thrilled to take up the role of Chairman of Formula One and have the opportunity to work alongside Bernie Ecclestone, CVC, and the Liberty Media team,” said Carey. “I greatly admire Formula One as a unique global sports entertainment franchise attracting hundreds of millions of fans each season from all around the world. I...
Full Story »
Full Story »
9y ago from Motorsport.com
0
You May Also Be Interested In...
Teams downplay talk of Ecclestone exit from F1
Formula 1 teams have downplayed talk that Bernie Ecclestone could be about...
9y ago from Motorsport.com
Ecclestone overseeing sale of F1 to US firm Liberty...
Formula One commercial chief Bernie Ecclestone said Wednesday he is...
9y ago from F1Pulse.com
Liberty Media on verge of launching £6.4bn bid for F1
XPB Images
Liberty Media, the American media company owned by...
9y ago from F1i.com
Formula 1 sale to Liberty Media to go ahead next week
A sale of Formula 1 to Liberty Media is to go ahead next week, respected...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati: Marc Marquez “helped, protected” Francesco...
No description available...
18h ago from Motorsport.com
Why Aprilia boss is "disappointed" about not...
No description available...
1d ago from Motorsport.com
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
2d ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar penalizes Abel Motorsports for rig testing
No description available...
1d ago from Motorsport.com
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
1d ago from MotorsportWeek.c...
McLaren wins contract breach suit against Alex Palou
McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
1d ago from MotorsportWeek.c...
Palou ordered to pay $12 million to McLaren in...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC Monte Carlo: Drivers, fans and Liam Lawson enjoy...
No description available...
4h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg survives with healthy...
No description available...
9h ago from Motorsport.com
Solberg steals the show on Saturday
Oliver Solberg and Elliot Edmondson continued where they left off on...
10h ago from MotorsportWeek.c...
WRC Monte Carlo: Oliver Solberg in control, as Elfyn...
No description available...
18h ago from Motorsport.com
Popular On GunnersToday.com
Manchester United legend Paul Scholes names one...
Manchester United legend Paul Scholes believes Jurrien Timber has been a...
12m ago from SportsKeeda.com
Report: Arsenal ‘in talks' to sign Real Madrid...
Arsenal are stepping up their long-term recruitment planning, with sources...
5h ago from FreshArsenal.com
Report: Arsenal interested in signing Brazilian league...
Arsenal look unlikely to sign any senior players soon, but the club do...
6h ago from FreshArsenal.com
Talks held: Arsenal planning transfer move for £43m...
Arsenal are reportedly discussing a potential future transfer move for...
11h ago from CaughtOffside.com
Comments
Hottest News
Lewis Hamilton left stunned after first Ferrari 2026 F1 laps
Ferrari unveiled to the world its new car for the... Read More »
17h ago from RacingNews365.com
Charles Leclerc suffers very unfortunate mishap during...
There's low-hanging fruit, and then... Read More »
8h ago from GPFans.com
Customer Porsche loses Daytona 24 Hours lead as works team...
Check out the report after the first six hours of... Read More »
4h ago from RacingNews365.com
