News Details
Formula 1 bought by US company Liberty Media
The expected sale of Formula 1 to new owners has taken place, with Liberty Media buying the sport. Announced late on Wednesday night, Liberty media revealed that they have agreed a deal to fully acquire the sport and have already purchased a minority ownership of 18.7%, having already handed over 746 million dollars. While present owners CVC Capital Partners remain owners for now, the deal is expected to reach 100% takeover by early 2017, with Liberty taking over the entire share held by F1 parent company Delta Topco. Liberty have announced former FOX CEO & current 21st Century FOX vice-chairman Chase Carey will become Chairman of Formula 1. He says: 'I am thrilled to take up the role of...
Full Story »
Full Story »
9y ago from FormulaSpy.com
0
You May Also Be Interested In...
Liberty Media Corporation Agrees to Acquire Formula...
Liberty Media Corporation earlier today confirmed the agreement to...
9y ago from JWGrandPrix.com
Done deal as Liberty Media now owns Formula 1
Press Release: Liberty Media Corporation and CVC Capital Partners...
9y ago from GrandPrix247.com
Liberty Media agrees to acquire Formula 1
– American entertainment company Liberty Media has announced plans...
9y ago from GPUpdate.net
Liberty Media: We are excited to become part of...
The acquisition of Formula 1 by Liberty Media Corporation from CVC is...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin: 'Marco Bezzecchi and I are not friends,...
No description available...
1h ago from Motorsport.com
Luca Marini suggests new Safety Commission model amid...
No description available...
2h ago from Motorsport.com
Ducati confident about Marc Marquez’s level: “He...
No description available...
3h ago from Motorsport.com
Maverick Vinales 'feeling good’ ahead of MotoGP...
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Conor Daly: “This is the best car I’ve ever had...
No description available...
1h ago from Motorsport.com
Conor Daly tops 228 MPH in Indy 500 testing
A second full day of Indy 500 practice was held Wednesday afternoon at...
20h ago from MotorsportWeek.c...
Indy 500 Day 2 practice results: Conor Daly tops the...
No description available...
20h ago from Motorsport.com
Popular On TotalWRC.com
Why returning to the WRC podium was so important for...
No description available...
1d ago from Motorsport.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
4d ago from Motorsport.com
WRC Portugal: Thierry Neuville inherits lead as...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Episode 876 – London calling
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
1h ago from Arseblog.com
Arsenal working tirelessly to sign 20-G/A Real Madrid...
Arsenal are looking to sign the Turkish playmaker Arda Guler at the end of...
2h ago from CaughtOffside.com
1 in, 1 out: Arsenal ready to replace recent signing...
Arsenal are reportedly showing an interest in the potential signing of...
4h ago from CaughtOffside.com
Paul Merson predicts Arsenal vs Burnley, Chelsea vs...
That win for Manchester City against Crystal Palace puts a bit of pressure...
5h ago from SportsKeeda.com
Comments
Hottest News
Nurburgring 24 Hours Qualifying: Watch live tonight with...
F1 great Max Verstappen begins his glory bid at... Read More »
43m ago from GPFans.com
FBI investigation launched over Valtteri Bottas Cadillac...
Cadillac F1 star Valtteri Bottas has revealed an... Read More »
1h ago from GPFans.com
Nurburgring Qualifying Latest: Fines, flames and running...
The first qualifying session at the ADAC RAVENOL... Read More »
1h ago from GPFans.com
