News Details
Sold to you! Liberty shareholders approve F1 buyout
XPB Images
Liberty Media says that its shareholders have voted to approve the buyout and takeover of Formula One. The process which took place at Tuesday's special meeting in Colorado included issuing new shares to fund the acquisition of the sport and rename its media group to 'Formula One Group'. The company, which already owned a 19.1 percent stake in F1, said in December it would raise $1.55 billion from investors to help deliver the cash portion of the transaction. Liberty could save the British GP, says BRDC chairman US media tycoon and Liberty Media Chairman John Malone said: "The closing of the acquisition remains conditioned upon approval from the FIA, the...
Full Story »
Full Story »
You May Also Be Interested In...
WMSC to meet to discuss Liberty takeover
The FIA's World Motor Sport Council will meet later this month to discuss...
8y ago from PlanetF1.com
FIA calls WMSC meeting as Liberty’s F1 takeover...
Liberty Media's plans to take control of Formula 1 could take a big step...
8y ago from Motorsport.com
Liberty Media take big step toward final acquisition...
F1 News Liberty Media take big step toward final acquisition of F1 A...
8y ago from Formula1Blog.com
F1 teams given option to purchase shares by Liberty...
Formula 1 teams are to be given the option to purchase a stake in the...
8y ago from TheCheckeredFlag....
Elsewhere On The Network
Popular On MGPToday.com
Liberty Media can’t follow its F1 play to boost...
No description available...
14h ago from Motorsport.com
Johann Zarco spends MotoGP summer break winning Suzuka...
No description available...
21h ago from Motorsport.com
Guenther Steiner finalizing purchase of Tech3 MotoGP...
No description available...
2d ago from Motorsport.com
Former F1 team principal Guenther Steiner set to take...
Former Haas Formula 1 team principal Guenther Steiner is finalising a...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
FOX Corporation acquires one-third stake in IndyCar...
No description available...
4d ago from Motorsport.com
FOX acquires 33% stake in Penske Entertainment, IndyCar
Fox Corporation, parent company of broadcast company FOX Sports, has...
4d ago from MotorsportWeek.c...
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
5d ago from MotorsportWeek.c...
Alex Palou will not play it safe in Portland to secure...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
22h ago from Motorsport.com
Kalle Rovanpera relieved to finally achieve...
No description available...
1d ago from Motorsport.com
WRC Rally Finland: Kalle Rovanpera takes historic home...
No description available...
1d ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal vs Villarreal Prediction and Betting Tips |...
Arsenal resume their pre-season tour with another club friendly this week...
9h ago from SportsKeeda.com
Arsenal not alone in race to sign Jeremy Jacquet;...
Arsenal are not the only club eyeing a move for Jeremy Jacquet this...
17h ago from SportsKeeda.com
'The more likely option' – Arsenal star tipped...
Arsenal have had a busy summer so far, and their busy is far from over...
18h ago from CaughtOffside.com
Thomas Partey close to joining Villarreal in week of...
t;li>Former Arsenal midfielder has denied rape chargesPartey has agreed...
18h ago from TheGuardian.com
Comments
Hottest News
F1 News Today: Max Verstappen takes aim at Lewis Hamilton...
Max Verstappen suggested after the Hungarian... Read More »
51m ago from GPFans.com
Toto Wolff sends Lewis Hamilton strong message after...
Mercedes boss Toto Wolff has sent Lewis Hamilton... Read More »
20m ago from RacingNews365.com
Oscar Piastri discloses 'painful' response to Lando Norris...
Oscar Piastri has revealed how he felt in the... Read More »
1h ago from RacingNews365.com
