News Details
Liberty confirms takeover of Formula One
Liberty Media Corporation has confirmed its takeover of Formula One. The media company has agreed to acquire F1 from a consortium of sellers led by majority shareholder CVC Capital Partners. Bernie Ecclestone is set to stay on as CEO, while Chase Carey will be appointed as chairman. Liberty Media will acquire 100% of the shares of Delta Topco, the parent company of F1, and concurrent to that it has completed the acquisition of an 18.7% minority stake for $746million (£559m). Prior to completion of that deal, due to be concluded in the first quarter of 2017, CVC Funds will continue to be the controlling shareholder of Formula 1. Upon completion of the deal next year, Liberty Media will...
Full Story »
Full Story »
9y ago from F1Technical.net
0
You May Also Be Interested In...
Liberty Media begins $8billion F1 takeover
American media giant Liberty Media has revealed its first step towards a...
9y ago from Motorsport.com
Ecclestone to stay in F1 following takeover
– Formula 1 CEO Bernie Ecclestone says he has been asked to remain...
9y ago from GPUpdate.net
Liberty Media agrees Formula 1 takeover, Bernie...
America's Liberty Media has confirmed it has acquired a...
9y ago from GrandPrixTimes.com
Liberty Media want Ecclestone to stay 'for three years'
XPB Images
Bernie Ecclestone says Liberty Media - the group...
9y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati: Marc Marquez “helped, protected” Francesco...
No description available...
6h 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...
2d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar penalizes Abel Motorsports for rig testing
No description available...
21h 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: Oliver Solberg in control, as Elfyn...
No description available...
5h ago from Motorsport.com
Solberg sensational in the snow (and slush, and rain)
Oliver Solberg and Elliot Edmondson, making their debut as full-time...
22h ago from MotorsportWeek.c...
WRC Monte Carlo: Oliver Solberg moves clear of the...
No description available...
20h ago from Motorsport.com
FIA offers update on new WRC commercial rights holder...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Manchester United legend accuses Arsenal of lack of...
Former Manchester United midfielder Teddy Sheringham accused Arsenal of...
2h ago from SportsKeeda.com
Fernandes or Odegaard? Who makes Arsenal vs Man Utd...
Robbie Lyle, Adam McKola and Buvey sit down to debate one of the biggest...
4h ago from SkySports.com
Talk of Arsenal being champions-elect ‘takes focus...
t;li>Manager insists praise from outside ‘does not add...
6h ago from TheGuardian.com
Arteta on Havertz & Gyokeres + Arsenal's absence...
Morning all, a quick Saturday round-up for you. After yesterday's focus on...
8h ago from Arseblog.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 »
5h ago from RacingNews365.com
Former Ferrari engineer names drivers to tackle 'corrupt'...
Rob Smedley is hoping his new programme can help... Read More »
2h ago from RacingNews365.com
Charles Leclerc confirms significant Ferrari SF-26...
It is all eyes on next week's test in Barcelona... Read More »
1h ago from RacingNews365.com
