News Details
Liberty makes advance payments to teams after $1.5b liquidity boost
Formula 1’s commercial rights holder Liberty Media boosted the sport’s liquidity on Thursday and said some teams had received advance payments to help them through the COVID-19 crisis. Liberty announced in a statement it had re-attributed its stake in Live Nation Entertainment from the Formula One Group to its SiriusXM tracking stock, with $1.5 billion in net asset value going in each direction. Liberty Media president and CEO Greg Maffei told analysts on a conference call that the move was the most efficient way of putting cash into the business, with F1 getting a net cash payment of $1.4 billion. F1’s season has yet to start, with nine races called off and the first round likely to...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
F1's owner has ‘scenario for zero races', some...
Liberty Media’s President says the corporation has “scenarios for...
5y ago from MotorsportWeek.com
Liberty responds: 'Maybe do other things to help F1...
Liberty Media has already paid out an advance on the prize money to some...
5y ago from GPBlog.com
Liberty Media komt in actie: 1,4 miljard dollar...
Liberty Media has confirmed Thursday that it will lend a helping hand to...
5y ago from GPBlog.com
Wolff buys £37 million stake in Aston Martin
Mercedes Formula 1 team boss Toto Wolff has bought a £37 million stake...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Fermin Aldeguer to miss MotoGP season opener in...
Gresini Ducati has confirmed Fermin Aldeguer will miss the opening round...
4h ago from MotorsportWeek.c...
Marco Bezzecchi satisfied with ‘smaller’...
Marco Bezzecchi admits the Aprilia bike has slightly improved “in all...
7h ago from MotorsportWeek.c...
Fermin Aldeguer to miss Thai GP, Gresini names...
No description available...
5h ago from Motorsport.com
Davide Brivio: Trackhouse looking to remain Aprilia's...
Team boss Davide Brivio has revealed that Trackhouse Racing is looking to...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar announces multi-year extension with engine...
The NTT IndyCar Series has announced a long-term continuation with both...
2h ago from MotorsportWeek.c...
IndyCar announces historic multi-year deal with...
No description available...
3h ago from Motorsport.com
Mick Schumacher reveals what has surprised him the...
No description available...
1d ago from Motorsport.com
Honda quick in IndyCar Sebring test, Grosjean tests...
Nearly the entire IndyCar paddock was present at Sebring International...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Low snowfall throws up extra curveball for WRC crews...
No description available...
32m ago from Motorsport.com
Martins Sesks sets out target ahead of WRC return
No description available...
52m ago from Motorsport.com
Dacia announces exit from Rally-Raid, rules out 2027...
No description available...
3h ago from Motorsport.com
Oliver Solberg keeping feet on the ground ahead of...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Ex-Arsenal midfielder Thomas Partey charged with 2...
Former Arsenal midfielder Thomas Partey has been charged with two...
5h ago from SportsKeeda.com
Arsenal set to be without Havertz for four matches...
Kai Havertz has picked up a muscular injury and is set to miss Arsenal's...
5h ago from SkySports.com
'We don't know' – Arteta issues worrying update...
Mikel Arteta has provided a worrying update on the injury suffered by...
6h ago from CaughtOffside.com
'Don't know exactly…' – Guardiola issues...
Manchester City manager Pep Guardiola has provided some insight into...
7h ago from CaughtOffside.com
Comments
Hottest News
F1: 'We're over four seconds off the pace,' says Stroll
Lance Stroll left seriously unimpressed following... Read More »
2h ago from Pitpass.com
F1 Testing Results: Bahrain timesheets and laps as Ferrari...
Ferrari's Charles Leclerc finished top of the... Read More »
1h ago from GPFans.com
LIVE: 2026 F1 Bahrain pre-season 1st test – Day 2
Follow along with the second day of the first... Read More »
12h ago from RacingNews365.com
