News Details
Sold to you! Liberty shareholders approve F1 buyout
XPB Images
Liberty Media says that its shareholders have voted to approve the buyout and takeover of Formula One. The process which took place at Tuesday's special meeting in Colorado included issuing new shares to fund the acquisition of the sport and rename its media group to 'Formula One Group'. The company, which already owned a 19.1 percent stake in F1, said in December it would raise $1.55 billion from investors to help deliver the cash portion of the transaction. Liberty could save the British GP, says BRDC chairman US media tycoon and Liberty Media Chairman John Malone said: "The closing of the acquisition remains conditioned upon approval from the FIA, the...
Full Story »
Full Story »
You May Also Be Interested In...
WMSC to meet to discuss Liberty takeover
The FIA's World Motor Sport Council will meet later this month to discuss...
9y ago from PlanetF1.com
FIA calls WMSC meeting as Liberty’s F1 takeover...
Liberty Media's plans to take control of Formula 1 could take a big step...
9y ago from Motorsport.com
Liberty Media take big step toward final acquisition...
F1 News Liberty Media take big step toward final acquisition of F1 A...
9y ago from Formula1Blog.com
F1 teams given option to purchase shares by Liberty...
Formula 1 teams are to be given the option to purchase a stake in the...
9y ago from TheCheckeredFlag....
Elsewhere On The Network
Popular On MGPToday.com
Alex Marquez suffers fractures in frightening Catalan...
No description available...
2d ago from Motorsport.com
Johann Zarco to wait several weeks before undergoing...
No description available...
18h ago from Motorsport.com
Pedro Acosta says the third MotoGP race start...
Pedro Acosta questioned the decision to continue the MotoGP Catalan Grand...
17h ago from MotorsportWeek.c...
MotoGP chief Carlos Ezpeleta defends decision to...
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
Rookie Dennis Hauger and overcoming the uncomfortable...
No description available...
9h ago from Motorsport.com
Alexander Rossi involved in multi-car crash in...
Monday afternoon held a short practice session for the NTT IndyCar...
1d ago from MotorsportWeek.c...
Mick Schumacher reveals unique challenge ahead of Indy...
Mick Schumacher has revealed a unique challenge he faces ahead of his...
11h ago from MotorsportWeek.c...
The milk of choice for every 2026 Indy 500 driver
No description available...
14h ago from Motorsport.com
Popular On TotalWRC.com
The mental challenge WRC leader Elfyn Evans faces at...
No description available...
1d ago from Motorsport.com
Why returning to the WRC podium was so important for...
No description available...
6d ago from Motorsport.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Eli Junior Kroupi helped Arsenal to the title –...
Arsenal weren't on the pitch when the Premier League title was secured,...
1h ago from CaughtOffside.com
Arsenal fans react to first Premier League title in 22...
No description available...
55m ago from TheGuardian.com
Arsenal star Piero Hincapie mocks Manchester City fans...
Arsenal defender Piero Hincapie made a seemingly mocking water bottle...
45m ago from SportsKeeda.com
Ranking the 5 best Arsenal players this season after...
Arsenal have finally ended their 22-year wait for the Premier League title...
45m ago from SportsKeeda.com
Comments
Hottest News
F1 legend Lewis Hamilton in 'unique' Le Mans announcement
Seven-time F1 champion Lewis Hamilton has taken... Read More »
45m ago from GPFans.com
Ferrari brand sudden F1 rule change as 'unfair' despite...
A sudden change in regulations has wiped out a... Read More »
55m ago from RacingNews365.com
Lewis Hamilton in 'happy place' after 'best ever' Ferrari...
Lewis Hamilton endured a tricky first season at... Read More »
2h ago from RacingNews365.com
