News Details
Liberty Media begins $8billion F1 takeover
American media giant Liberty Media has revealed its first step towards a takeover of Formula 1, which will cost $8billion in total. Liberty Media will take an 18.7 percent stake in F1 in the short term. The initial step is a $1.1billion cash deal, with Chase Carey – the executive vice chairman of 21st Century Fox – to be installed as F1’s new chairman. “I am thrilled to take up the role of Chairman of Formula One and have the opportunity to work alongside Bernie Ecclestone, CVC, and the Liberty Media team,” said Carey. “I greatly admire Formula One as a unique global sports entertainment franchise attracting hundreds of millions of fans each season from all around the world. I...
Full Story »
Full Story »
9y ago from Motorsport.com
0
You May Also Be Interested In...
Teams downplay talk of Ecclestone exit from F1
Formula 1 teams have downplayed talk that Bernie Ecclestone could be about...
9y ago from Motorsport.com
Ecclestone overseeing sale of F1 to US firm Liberty...
Formula One commercial chief Bernie Ecclestone said Wednesday he is...
9y ago from F1Pulse.com
Liberty Media on verge of launching £6.4bn bid for F1
XPB Images
Liberty Media, the American media company owned by...
9y ago from F1i.com
Formula 1 sale to Liberty Media to go ahead next week
A sale of Formula 1 to Liberty Media is to go ahead next week, respected...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP announces Qatar round postponed until November
MotoGP has confirmed that Qatar's 10-12 April slot will be moved to 6-8...
10h ago from MotorsportWeek.c...
MotoGP postpones Qatar GP to November due to Middle...
No description available...
10h ago from Motorsport.com
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar 2026 Arlington – Race Results
Kyle Kirkson won the 2026 IndyCar Java House Grand Prix of Arlington to...
2h ago from MotorsportWeek.c...
Official race results: 2026 IndyCar Grand Prix of...
No description available...
2h ago from Motorsport.com
Kyle Kirkwood beats Palou to win Arlington GP and take...
No description available...
1h ago from Motorsport.com
Kyle Kirkwood leads Andretti romp to take IndyCar...
IndyCar tackled the new street track in Arlington, Texas on Sunday, with...
1h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
2h ago from Motorsport.com
“Proud” Ott Tanak, Kalle Rovanpera lead praise of...
No description available...
6h ago from Motorsport.com
Taka-San: King of Kenya
At the 94th time of asking, Takamoto Katsuta and co-driver Aaron Johnston...
8h ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Takamoto Katsuta scores...
No description available...
8h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal hero Thierry Henry sums up feeling of watching...
Arsenal legend Thierry Henry has revealed his reaction to teenage...
4h ago from SportsKeeda.com
“It’s not over. Who said that?” - Guardiola...
Manchester City boss Pep Guardiola has sent a strong message to Arsenal on...
9h ago from SportsKeeda.com
Chelsea legend John Terry says Arsenal talent Max...
Chelsea legend John Terry compared Arsenal wonderkid Max Dowman to Lionel...
9h ago from SportsKeeda.com
Liverpool and Arsenal in the race to sign 22-year-old...
Arsenal and Liverpool are interested in signing the FC Midtjylland winger...
10h ago from CaughtOffside.com
Comments
Hottest News
Honda issue statement on Aston Martin 'excuse' after double...
Honda have reacted to yet another DNF for both... Read More »
39m ago from GPFans.com
F1: Another perfect moment for Toto
Martine McCutcheon had one perfect moment, Toto... Read More »
59m ago from Pitpass.com
Does F1 have a backup plan? FIA confirm review of...
The FIA's single seater director Nikolas Tombazis... Read More »
2h ago from GPFans.com
