News Details
Liberty not in F1 to ‘take the money’ - Carey
©Wri2
Formula One Group’s new chairman Chase Carey insists Liberty Media’s purchase of the sport is not solely aimed at “taking the money”. John Malone’s mass media conglomerate recently agreed to acquire Delta Topco - Formula One's parent company - in a deal that values the sport at $8bn (£6bn). Liberty has placed 21st Century Fox vice-chairman Carey as chairman alongside long-standing F1 supremo Bernie Ecclestone, who continues as CEO. Liberty will replace CVC Capital Partners as majority shareholders, though the private equity firm will remain involved as “65% owners of the Formula One Group's equity”. F1 has been very profitable to CVC since it took a 35% controlling...
Full Story »
Full Story »
You May Also Be Interested In...
New F1 chairman Chase Carey in meetings without...
New F1 chairman Chase Carey in meetings without Ecclestone When asked...
8y ago from ThisIsF1.com
Carey: Formula 1 cannot be a dictatorship
Formula One cannot be run like a dictatorship, even if many people in the...
8y ago from GrandPrix247.com
Enter Chase Carey the new main man of Formula 1
Chase Carey is the man entrusted to lead Liberty Media's substantial...
8y ago from GrandPrix247.com
New F1 boss Chase Carey teases US expansion
New Formula 1 Chairman Chase Carey has indicated it is his intention to...
8y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia admits it is impossible to think...
No description available...
9h ago from Motorsport.com
Marc Marquez and Francesco Bagnaia called to MotoGP...
No description available...
10h ago from Motorsport.com
Fabio Quartararo explains "a real disaster"...
No description available...
11h ago from Motorsport.com
Why late podium charge against Francesco Bagnaia gave...
No description available...
10h ago from Motorsport.com
Popular On IndyCarToday.com
Winners and Losers from IndyCar’s Road America...
No description available...
4h ago from Motorsport.com
Santino Ferrucci hangs on for Road America podium,...
No description available...
5h ago from Motorsport.com
IndyCar Road America – Race Results
Road America was the scene of this weekend’s IndyCar event, and high...
5h ago from MotorsportWeek.c...
Ferrucci survives early race ‘mayhem’ to earn...
Santino Ferrucci finished third in Sunday’s race from Road America,...
5h 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
Arsenal receive boost in Rodrygo chase as sources...
Arsenal remain firmly interested in signing Real Madrid forward Rodrygo...
5h ago from FreshArsenal.com
Arsenal end talks to sign £70 million-rated star...
Arsenal have reportedly decided to end talks with Benjamin Sesko. The...
6h ago from SportsKeeda.com
Bayern Munich set sights on ‘incredible' Arsenal...
Bayern Munich have reportedly set their sights on Arsenal’s Gabriel...
10h ago from CaughtOffside.com
Surprise Premier League club eyeing up move for...
Brighton & Hove Albion have set their sights on Liverpool's Harvey Elliot...
10h ago from SportsKeeda.com
Comments
Hottest News
I’m an F1 superstar and I own a Ferrari, but I’d rather...
The surprising confession of one F1 star has... Read More »
5h ago from GPFans.com
Legendary F1 TV presenter RETIREMENT confirmed
A former F1 presenter and sports broadcasting... Read More »
15h ago from GPFans.com
Hamilton opens up about his technical impact on Ferrari
Seven-time F1 world champion Lewis Hamilton has... Read More »
3h ago from F1Technical.net
