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
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
3h ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
18h ago from Motorsport.com
Trackhouse Aprilia launches two liveries ahead of 2026...
Trackhouse Aprilia satellite team has launched its two new liveries in...
21h ago from MotorsportWeek.c...
Yamaha admits 2026 MotoGP performance will decide...
Yamaha knows it must deliver a more competitive 2026 MotoGP bike to...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Ed Carpenter Racing reveals multiple organizational...
No description available...
17h ago from Motorsport.com
Will Power sees ‘all the ingredients’ for a...
Will Power is approaching the beginning of his new IndyCar chapter, with...
22h ago from MotorsportWeek.c...
Ed Carpenter to contest 23rd Indianapolis 500
Owner of the Ed Carpenter Racing IndyCar team Ed Carpenter will race in...
1d ago from MotorsportWeek.c...
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Sebastien Ogier still has motivation “to go for...
No description available...
1d ago from Motorsport.com
Sebastien Loeb after 13 Dakar punctures: Cars now...
No description available...
4d ago from Motorsport.com
Dakar 2026: Dacia edges Ford and Toyota as Nasser...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
The next step: Ethan Nwaneri
Ethan Nwaneri going out on loan is in the best interests of the player and...
22m ago from Arseblog.com
“It doesn’t matter” - Thierry Henry dismisses...
Arsenal legend Thierry Henry has dismissed talk of Arsenal being Europe's...
2h ago from SportsKeeda.com
Report: Arsenal ready to make surprise transfer...
Arsenal could reportedly be ready to extend Gabriel Jesus' contract by one...
1h ago from CaughtOffside.com
'He has struggled' – Arsenal legend tips club to...
Arsenal could end up selling left-back Myles Lewis-Skelly, according to...
4h ago from CaughtOffside.com
Comments
Hottest News
F1: McLaren to miss first day of Barcelona test
McLaren is to skip the opening day of next week's... Read More »
1h ago from Pitpass.com
Mercedes’ 2026 W17 silver arrow from all angles
Mercedes has ushered in Formula 1’s new era by... Read More »
1h ago from F1i.com
New era, new look: Mercedes unveils W17 with refreshed...
Mercedes has fired the first silver bullet of... Read More »
2h ago from F1i.com
