News Details
Official: Liberty Media purchases F1 for $8bn
Media giant Liberty Media has confirmed that it is to buy Formula One in a deal worth $8bn. Initially, the company, which is controlled by John Malone, will purchase an 18.7% stake in Formula 1 for $746m, with the remainder of the buy-out coming in the first quarter of 2017. After completion of the acquisition, Liberty Media will own Formula One and it will be attributed to the Liberty Media Group which will be renamed the Formula One Group. The consortium of sellers led by CVC will own approximately 65% of the Formula One Group's equity and will have board representation at Formula One to support Liberty Media in continuing to develop the full potential of the sport. In addition, a CVC...
Full Story »
Full Story »
9y ago from Pitpass.com
0
You May Also Be Interested In...
Official: F1 Sold to Liberty Media
It has just been confirmed that F1 has officially been sold to US Company...
9y ago from F1.co.uk
Liberty Media begins $8billion F1 takeover
American media giant Liberty Media has revealed its first step towards a...
9y ago from Motorsport.com
Liberty Media buys Formula One
US communications billionaire John Malone's Liberty Media announced on...
9y ago from SuperSport.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
Francesco Bagnaia ‘surprised but happy’ ahead of...
Francesco Bagnaia admitted he was “surprised but happy” about the...
1d ago from MotorsportWeek.c...
Fabio Quartararo reveals Yamaha is still “missing...
Fabio Quartararo revealed Yamaha was still “missing quite a lot” from...
2d ago from MotorsportWeek.c...
Why the numbers show Aprilia’s threat to Ducati is...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou’s Indy 500 win immortalized on...
Alex Palou’s likeness has been added to the iconic Borg-Warner Trophy,...
4d ago from MotorsportWeek.c...
Ryan Hunter-Reay joins Arrow McLaren for 2026...
No description available...
1w ago from Motorsport.com
Ryan Hunter-Reay joins Arrow McLaren for 2026 Indy 500
Arrow McLaren has announced that veteran Ryan Hunter-Reay will join the...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
On this day in 1995, Colin McRae became the UK’s...
No description available...
1d ago from Motorsport.com
Why Lancia is returning to WRC in Rally2 and what it...
No description available...
4d ago from Motorsport.com
How Adrien Fourmaux’s WRC Japan exit proves mental...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta press conference following Arsenal 4-1...
Arsenal moved six points clear at the top of the Premier League with a...
5h ago from CaughtOffside.com
Arsenal’s Eberechi Eze finds own plane just above...
England forward has made a good start to his Emirates career but this...
6h ago from TheGuardian.com
Eberechi Eze adds an ‘aura’ to Arsenal, says...
t;li>‘When a player has such a talent, these things happen’Frank...
6h ago from TheGuardian.com
“This guy is so unreliable,” “Keeps making this...
David Raya has come in for a kicking from fans for his performance during...
7h ago from SportsKeeda.com
Comments
Hottest News
Aston Martin issue emotional statement as star officially...
Aston Martin F1 team issued an emotional... Read More »
9h ago from GPFans.com
Adjusted 2025 F1 championship standings after double...
Check out the full F1 championship standings... Read More »
17h ago from RacingNews365.com
George Russell calls for extra Lando Norris FIA punishment...
Mercedes F1 star George Russell cheekily called... Read More »
8h ago from GPFans.com
