News Details
Liberty Media confirms F1 purchase
The American firm Liberty Media has confirmed its purchase of Formula 1 for £3.3bn with Bernie Ecclestone remaining as chief executive. The deal comes after weeks of speculation with rumours the Italian Grand Prix would be Ecclestone's final race in charge of the sport. Yesterday, the 85-year-old said he has been asked to remain involved in F1 for three years once the purchase had been officially confirmed. With the F1 supremo staying in place, Chase Carey – current executive vice chairman of 21st Century Fox – has been instated as the new chairman replacing Peter Brabeck-Letmathe. The new ownership sees equity firm CVC Capital Partners sell its controlling share of the sport to...
Full Story »
Full Story »
8y ago from Crash.net
0 Comments
You May Also Be Interested In...
Liberty Media begins $8billion F1 takeover
American media giant Liberty Media has revealed its first step towards a...
8y ago from Motorsport.com
Liberty Media want Ecclestone to stay 'for three years'
XPB Images
Bernie Ecclestone says Liberty Media - the group...
8y ago from F1i.com
Liberty Media agrees to purchase F1
XPB Images
Liberty Media has agreed to purchase Formula One...
8y ago from F1i.com
Ecclestone may remain F1 chief if sale to Liberty...
A takeover of Formula One by Liberty Media, rumoured to be imminent,...
8y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Casey Stoner slams MotoGP's new stability control...
Two-time MotoGP champion Casey Stoner has voiced his disapproval of...
12h ago from MotorsportWeek.c...
Diogo Moreira to join Honda ahead of 2026 MotoGP debut
No description available...
11h ago from Motorsport.com
Marc Marquez reveals ‘worry’ over Fermin Aldeguer...
Marc Marquez admits rookie Fermin Aldeguer was his biggest concern en...
1d ago from MotorsportWeek.c...
Winners and losers from MotoGP's Austrian Grand Prix
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Marcus Armstrong will return to Meyer Shank Racing for...
No description available...
1d ago from Motorsport.com
MSR extends Marcus Armstrong contract for 2026 IndyCar...
Meyer Shank Racing announced on Monday that it will keep Marcus Armstrong...
1d ago from MotorsportWeek.c...
Strongest season yet for Pato O’Ward has been...
Pato O’Ward is having the best IndyCar season of his career, and is...
3d ago from MotorsportWeek.c...
McLaren to auction future F1, IndyCar and WEC cars in...
McLaren is to auction future F1, IndyCar and World Endurance Championship...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
4d ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
6d ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Contract agreed: Arsenal star to sign new deal with...
Arsenal forward Leandro Trossard has reportedly agreed a new contract with...
7h ago from CaughtOffside.com
PFA Premier League Team of the Year: Liverpool and...
Liverpool and Arsenal players dominate today's PFA Premier League Team of...
6h ago from CaughtOffside.com
Ex-Gunner warns: 'Arsenal fans shouldn't expect'...
Former Arsenal winger Jermaine Pennant has warned the club's fans not too...
8h ago from CaughtOffside.com
Definitive Arsenal transfer update breaks after...
Ademola Lookman is currently considered unlikely to sign for Arsenal in...
11h ago from CaughtOffside.com
Comments
Hottest News
Sky Sports find Martin Brundle replacement
The Sky Sports F1 broadcast would be incomplete... Read More »
7h ago from GPFans.com
Fernando Alonso green lights F1 switch
Aston Martin F1 star Fernando Alonso says he... Read More »
15h ago from GPFans.com
F1 legend reveals timeline for surprise Red Bull comeback
Red Bull could be set for a comeback to the top... Read More »
5h ago from GPFans.com
