News Details
Liberty not in F1 to ‘take the money’ - Carey
©Wri2
Formula One Group’s new chairman Chase Carey insists Liberty Media’s purchase of the sport is not solely aimed at “taking the money”. John Malone’s mass media conglomerate recently agreed to acquire Delta Topco - Formula One's parent company - in a deal that values the sport at $8bn (£6bn). Liberty has placed 21st Century Fox vice-chairman Carey as chairman alongside long-standing F1 supremo Bernie Ecclestone, who continues as CEO. Liberty will replace CVC Capital Partners as majority shareholders, though the private equity firm will remain involved as “65% owners of the Formula One Group's equity”. F1 has been very profitable to CVC since it took a 35% controlling...
Full Story »
Full Story »
You May Also Be Interested In...
New F1 chairman Chase Carey in meetings without...
New F1 chairman Chase Carey in meetings without Ecclestone When asked...
9y ago from ThisIsF1.com
Carey: Formula 1 cannot be a dictatorship
Formula One cannot be run like a dictatorship, even if many people in the...
9y ago from GrandPrix247.com
Enter Chase Carey the new main man of Formula 1
Chase Carey is the man entrusted to lead Liberty Media's substantial...
9y ago from GrandPrix247.com
New F1 boss Chase Carey teases US expansion
New Formula 1 Chairman Chase Carey has indicated it is his intention to...
9y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Trackhouse boss reveals steps MotoGP must take to...
Trackhouse owner Justin Marks has revealed how he plans to promote his...
19h ago from MotorsportWeek.c...
Alex Marquez still involved in Ducati’s MotoGP...
No description available...
21h ago from Motorsport.com
Aleix Espargaro to undergo surgery after vertebral...
No description available...
23h ago from Motorsport.com
Nicolo Bulega is not Ducati's "first choice"...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Exclusive Q&A: Mick Schumacher believes 'great things...
No description available...
14h ago from Motorsport.com
Experienced engineer Mike O’Gara joins IndyCar as...
IndyCar has announced that Mike O’Gara has joined the series as Vice...
16h ago from MotorsportWeek.c...
Mike O’Gara named IndyCar’s Vice President of...
No description available...
17h ago from Motorsport.com
Christian Lundgaard: Bye week a chance to “unite”...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
15h ago from Motorsport.com
Why WRC Croatia victory was “quite special” for...
No description available...
2d ago from Motorsport.com
Thierry Neuville crashes out of Croatia lead in final...
A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...
3d ago from MotorsportWeek.c...
Popular On GunnersToday.com
£80m star wants transfer this summer, Liverpool have...
Anthony Gordon is reportedly open to leaving Newcastle United this summer...
55m ago from CaughtOffside.com
The Verdict: Arsenal make history with unconvincing...
Sky Sports reporter Dharmesh Sheth rounds up the best of the reaction as...
55m ago from SkySports.com
'Boring' – Sporting Lisbon star aims dig at...
Arsenal have had a lot of critics this season, and Sporting Lisbon...
25m ago from CaughtOffside.com
Report: Arsenal and Chelsea locked in tug-of-war for...
Como’s promising young defender Jacobo Ramón has emerged as one of the...
2h ago from CaughtOffside.com
Comments
Hottest News
Russell calls for F1’s return to the Nürburgring after...
George Russell says he would “love” Formula 1... Read More »
55m ago from F1i.com
McLaren: Lando Norris & Oscar Piastri complete Nürburgring...
McLaren returned to the Nürburgring for the... Read More »
35m ago from GrandPrix247.com
The ‘ambitious' Williams plan that convinced Mercedes...
Williams has added former Mercedes R&D... Read More »
35m ago from MotorsportWeek.com
