News Details
Bernie sells to ‘media tycoon' in $6.4bn deal
Sky news has confirmed reports that American media tycoon John Malone is finalising a take over of Formula 1 in a record $6.4bn deal… Reports have said the initial deal was made to sell CVC Capital Partners' majority shares to Mr Malone which he will then bring under his umbrella group, Limited Media Group. This means that for the first time, Formula 1 will see a public listing under the tracking name ‘Limited Media Group'. The deal is set to net Bernie an impressive £400m. But it still remains unclear what will happen to the infamous sport. The news has taken mixed reviews from fans and teams alike, with many arguing it should help to increase...
Full Story »
Full Story »
You May Also Be Interested In...
Ecclestone not sure he wants to stick around after F1...
Bernie Ecclestone is not committing to his current role in charge of...
8y ago from GrandPrix247.com
Ecclestone not committing to post-sale F1
Bernie Ecclestone is not committing to his current role in charge of F1 if...
8y ago from ThisIsF1.com
Ecclestone overseeing sale of F1 to US firm Liberty...
Formula One commercial chief Bernie Ecclestone said Wednesday he is...
8y ago from F1Pulse.com
John Malone's Liberty Media buys F1
John Malone's Liberty Media announced on Wednesday it will buy Formula One.
8y ago from SuperSport.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Márquez wins battle of brothers to delight...
t;li>Alex Márquez and Fabio Di Giannantonio also on podiumSpaniard...
2h ago from TheGuardian.com
Marc Marquez prevails to take victory in frenetic...
Marc Marquez battled through a frenetic first half to record his fifth...
3h ago from MotorsportWeek.c...
Why late podium charge against Francesco Bagnaia gave...
No description available...
47m ago from Motorsport.com
MotoGP Italian GP: Marc Marquez sees off early...
No description available...
3h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Road America – Qualifying Results
The NTT IndyCar Series took a trip to the historic Road America circuit...
20h ago from MotorsportWeek.c...
IndyCar confirms lighter, more powerful Dallara...
No description available...
21h ago from Motorsport.com
Rookie Louis Foster takes first IndyCar pole at Road...
No description available...
19h ago from Motorsport.com
IndyCar officially delays new chassis to 2028 season
The NTT IndyCar Series has released more details about its new engine and...
19h ago from MotorsportWeek.c...
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
Bundesliga giants discussing surprise move for Arsenal...
Bayern Munich have set their sights on Arsenal forward Gabriel Martinelli,...
2h ago from SportsKeeda.com
Surprise Premier League club eyeing up move for...
Brighton & Hove Albion have set their sights on Liverpool's Harvey Elliot...
16m ago from SportsKeeda.com
'If Messi went there, they'd win the Premier League' -...
British pundit Andy Goldstein believes Arsenal could win the Premier...
3h ago from SportsKeeda.com
‘Extraordinary' Frenchman an option for Arsenal...
Arsenal are interested in signing the Sevilla midfielder Lucien Agoume,...
5h ago from CaughtOffside.com
Comments
Hottest News
Legendary F1 TV presenter RETIREMENT confirmed
A former F1 presenter and sports broadcasting... Read More »
5h ago from GPFans.com
F1 champion reveals 100m fortune despite flying taxi blunder
Nico Rosberg has revealed his 100m fortune he has... Read More »
1h ago from GPFans.com
F1's never been bigger...but the sport has lost its soul
F1’s growth since 2018 has simultaneously saved... Read More »
2h ago from GPFans.com
