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Formula 1 teams welcome Liberty Media takeover
Formula 1 teams have welcomed the takeover of the sport's commercial arm by US group Liberty Media. Liberty has bought an initial 18% of the F1 Group and will become the main shareholder with 35.3% when the deal is completed, due to be in early 2017. Red Bull team boss Christian Horner said: "It sounds very positive. I can't believe a serious group like Liberty would buy F1 without a long-term plan. "Hopefully, they can address some of the weaknesses we have in some areas." Horner singled out F1's struggles to penetrate the US market and exploit digital and social media platforms effectively. His views were echoed by Mercedes F1 boss Toto Wolff, who said: "Christian and...
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