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Formula 1 sale to Liberty Media approved by FIA
Formula 1's governing body the FIA has approved the sale of the sport's commercial rights to Liberty Media. The US company is in the process of finalising a purchase of a controlling interest in Formula 1. The FIA's approval was the final regulatory hurdle before the sale, which will see Liberty take over from investment group CVC Capital Partners. The FIA believed its partnership with Liberty will "ensure the continued success and development" of F1. Liberty is expected to complete its takeover of the sport within the next few weeks. It bought just over 18% of the shares in Delta Topco, the holding company of the F1 Group, in September. Liberty announced before Christmas that it...
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