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...
9y 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...
9y ago from ThisIsF1.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
John Malone's Liberty Media buys F1
John Malone's Liberty Media announced on Wednesday it will buy Formula One.
9y ago from SuperSport.com
Elsewhere On The Network
Popular On MGPToday.com
VR46 looking for mix of experience and youth in 2027...
No description available...
5h ago from Motorsport.com
Dani Pedrosa reveals the ‘crazy’ training that...
No description available...
14h ago from Motorsport.com
MotoGP announces Qatar round postponed until November
MotoGP has confirmed that Qatar's 10-12 April slot will be moved to 6-8...
1d ago from MotorsportWeek.c...
MotoGP postpones Qatar GP to November due to Middle...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Kyle Kirkwood’s surprise lunge on Alex Palou...
Kyle Kirkwood took victory in the inaugural Grand Prix of Arlington on...
10h ago from MotorsportWeek.c...
Rough and tumble weekend dampens Josef Newgarden’s...
Josef Newgarden came into IndyCar's Arlington GP weekend on a high,...
23h ago from MotorsportWeek.c...
Official race results: 2026 IndyCar Grand Prix of...
No description available...
1d ago from Motorsport.com
Kirkwood "currently the biggest threat" to...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
6h ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
7h ago from Motorsport.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
1d ago from Motorsport.com
“Proud” Ott Tanak, Kalle Rovanpera lead praise of...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal dealt injury setback before Leverkusen as...
Mikel Arteta has confirmed that Martin Odegaard and Jurrien Timber will...
34m ago from CaughtOffside.com
Max Dowman has inspired Arsenal in hunt for...
t;li>‘To be that precise, that’s something difficult to...
34m ago from TheGuardian.com
Arsenal could be handed unexpected financial boost as...
Arsenal could be set for a significant financial windfall as Serie A...
2h ago from CaughtOffside.com
Arsenal latest: Two key players ruled out of...
No description available...
4h ago from SkySports.com
Comments
Hottest News
Aston Martin ‘are now looking for a new team principal’...
Aston Martin are now looking for a new team... Read More »
3h ago from GPFans.com
Fernando Alonso takes drastic action to avoid injury from...
Fernando Alonso was forced into drastic action at... Read More »
44m ago from GPFans.com
Aston Martin and Adrian Newey given massive F1 lifeline...
Aston Martin's car sucks. Read More »
10h ago from GPFans.com
