News Details
Teams turn down Liberty offer to buy shares in F1
XPB Images
Formula 1 teams have turned down Liberty Media's offer to become shareholders of the sport, at least for now. Yesterday, the FIA gave its final blessing to the American company's takeover of Formula 1, with the deal expected to close by the end of this month. In a bid to give the leading actors of the sport an interest in its future, Liberty is offering up to 20 percent of Formula 1's commercial rights to the teams on favourable terms, although the stake would not include voting rights. Given the team's current refusal or hesitancy to invest, perhaps the terms aren't as favourable as Liberty claims. "I honestly don't know if I should buy shares," Red Bull...
Full Story »
Full Story »
You May Also Be Interested In...
Liberty Media shareholders approve F1 takeover
Liberty Media Corp announced that its shareholders voted to approve...
9y ago from GrandPrix247.com
Sold to you! Liberty shareholders approve F1 buyout
XPB Images
Liberty Media says that its shareholders have voted...
9y ago from F1i.com
FIA approves sale of F1 to Liberty Media
Liberty Media's takeover of Formula 1 was voted through unanimously by the...
9y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP postpones Qatar GP to November due to Middle...
No description available...
5h 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...
5h ago from MotorsportWeek.c...
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Arlington – Qualifying Results
25 IndyCar drivers took to the track Saturday afternoon to decide the...
18h ago from MotorsportWeek.c...
Scott McLaughlin faces tough drive from last after...
No description available...
17h ago from Motorsport.com
Threat of high winds forces IndyCar to move up...
No description available...
18h ago from Motorsport.com
"Mental error" costs Kyle Kirkwood shot at...
No description available...
18h ago from Motorsport.com
Popular On TotalWRC.com
“Proud” Ott Tanak, Kalle Rovanpera lead praise of...
No description available...
1h ago from Motorsport.com
Taka-San: King of Kenya
At the 94th time of asking, Takamoto Katsuta and co-driver Aaron Johnston...
3h ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Takamoto Katsuta scores...
No description available...
3h ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
“It’s not over. Who said that?” - Guardiola...
Manchester City boss Pep Guardiola has sent a strong message to Arsenal on...
4h ago from SportsKeeda.com
Man United lead race for 65m wonderkid on Arsenal,...
Manchester United are very interested in signing Assan Ouedraogo from RB...
5h ago from CaughtOffside.com
Liverpool and Arsenal in the race to sign 22-year-old...
Arsenal and Liverpool are interested in signing the FC Midtjylland winger...
5h ago from CaughtOffside.com
Chelsea legend John Terry says Arsenal talent Max...
Chelsea legend John Terry compared Arsenal wonderkid Max Dowman to Lionel...
5h ago from SportsKeeda.com
Comments
Hottest News
Fernando Alonso blasts latest F1 embarrassment: 'The worst...
Fernando Alonso's sharp tongue has lashed out at... Read More »
4h ago from GPFans.com
Charles Leclerc reveals brave Ferrari F1 decision after...
Charles Leclerc has said Mercedes' race pace... Read More »
3h ago from MotorsportWeek.com
Fernando Alonso says he was struggling to feel his hands...
Aston Martin's Fernando Alonso retired from the... Read More »
56m ago from GrandPrix247.com
