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FIA unanimously approves Liberty Media's F1 takeover
Liberty Media's takeover of Formula 1 has been given the green-light after the FIA's World Motor Sport Council unanimously approved the deal. Last season Liberty Media took the first steps in taking control of Delta Topco Limited, F1's holding company, from CVC Capital Partners. Having purchased a 19.1 percent stake in the sport, the takeover then had to gain approval from the appropriate anti-trust authorities, which it did in December, before being ratified by the FIA. Representatives from the new owners, which will be renamed Formula One Group, made a detailed presentation of their strategy at a World Motor Sport Council meeting in Geneva on Wednesday. Members were then given the...
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8y ago from PlanetF1.com
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