News Details
Liberty confirms takeover of Formula One
Liberty Media Corporation has confirmed its takeover of Formula One. The media company has agreed to acquire F1 from a consortium of sellers led by majority shareholder CVC Capital Partners. Bernie Ecclestone is set to stay on as CEO, while Chase Carey will be appointed as chairman. Liberty Media will acquire 100% of the shares of Delta Topco, the parent company of F1, and concurrent to that it has completed the acquisition of an 18.7% minority stake for $746million (£559m). Prior to completion of that deal, due to be concluded in the first quarter of 2017, CVC Funds will continue to be the controlling shareholder of Formula 1. Upon completion of the deal next year, Liberty Media will...
Full Story »
Full Story »
9y ago from F1Technical.net
0
You May Also Be Interested In...
Liberty Media begins $8billion F1 takeover
American media giant Liberty Media has revealed its first step towards a...
9y ago from Motorsport.com
Ecclestone to stay in F1 following takeover
– Formula 1 CEO Bernie Ecclestone says he has been asked to remain...
9y ago from GPUpdate.net
Liberty Media agrees Formula 1 takeover, Bernie...
America's Liberty Media has confirmed it has acquired a...
9y ago from GrandPrixTimes.com
Liberty Media want Ecclestone to stay 'for three years'
XPB Images
Bernie Ecclestone says Liberty Media - the group...
9y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Alex Marquez suffers fractures in frightening Catalan...
No description available...
1w ago from Motorsport.com
Aprilia MotoGP chief: Pedro Acosta shouldn't have been...
No description available...
2d ago from Motorsport.com
Liberty Media could scrap MotoGP two-bike rule from...
The proposed regulation change would end flag-to-flag racing and align...
2d ago from MotorsportWeek.c...
Alex Marquez to miss next two MotoGP rounds after...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Felix Rosenqvist wins 2026 Indy 500 in closest-ever...
No description available...
35m ago from Motorsport.com
Full race results from the 110th running of the...
No description available...
25m ago from Motorsport.com
Katherine Legge’s Indy 500 Double bid hit by early...
No description available...
3h ago from Motorsport.com
Felix Rosenqvist wins closest finish in Indianapolis...
The 110th running of the Indianapolis 500 took place Sunday, with a sold...
5m ago from MotorsportWeek.c...
Popular On TotalWRC.com
Toyota “nervous” of Hyundai threat ahead of WRC...
No description available...
4d ago from Motorsport.com
The mental challenge WRC leader Elfyn Evans faces at...
No description available...
6d ago from Motorsport.com
Why returning to the WRC podium was so important for...
No description available...
1w ago from Motorsport.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
2w ago from Motorsport.com
Popular On GunnersToday.com
The stuff of champions: Arsenal lift Premier League...
No description available...
1h ago from SkySports.com
'Don't give him a PL medal', 'We're all drunk today' -...
Arsenal fans online were left disappointed with Gabriel Jesus's...
2h ago from SportsKeeda.com
'Again, at last!' | Arsenal ends 22-year wait to lift...
Arsenal lift the Premier League trophy after 22 years of waiting.
2h ago from SkySports.com
Tottenham survive, West Ham down, Bruno Fernandes...
So, that's it – after 38 games the Premier League season is done and...
3h ago from CaughtOffside.com
Comments
Hottest News
Indy 500 rookie in flames sets up late shootout
A late fiery crash brought out the red flags with... Read More »
55m ago from RacingNews365.com
Full 2026 Indianapolis 500 results
Check out the full results from the 110th running... Read More »
45m ago from RacingNews365.com
F1 2026 Canadian Grand Prix starting grid with late...
Here is the provisional F1 starting grid for the... Read More »
1h ago from GPFans.com
