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
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
15h ago from Motorsport.com
MotoGP: Qatar GP ‘unlikely', but a ‘plan...
MotoGP Sports Entertainment Group has admitted that the Qatar Grand Prix...
16h ago from MotorsportWeek.c...
Michelin boss reveals potential cause of ‘never...
Marc Marquez admits the puncture that cost him a podium finish at the...
16h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Winners and losers from the 2026 IndyCar season-opener...
No description available...
1d ago from Motorsport.com
Mick Schumacher’s IndyCar debut returns him to the...
Mick Schumacher began his IndyCar career this past weekend, competing in...
1d ago from MotorsportWeek.c...
Watch: Mick Schumacher taken out on opening lap of...
Fans of Mick Schumacher could switch off early after his IndyCar debut at...
2d ago from MotorsportWeek.c...
Mick Schumacher's IndyCar debut ends in Lap 1 crash
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
1d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
4d ago from Motorsport.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta issues 3-word response after Brighton...
Mikel Arteta gave a three-word response when asked about Brighton & Hove...
1h ago from SportsKeeda.com
Video: Arsenal star spotted trolling Brighton manager...
Arsenal defender Piero Hincapie could be seen shushing Brighton manager...
1h ago from CaughtOffside.com
“It was a bit nervy” - Martin Keown suggests...
Former Arsenal centre-back Martin Keown has said that midfielder Declan...
2h ago from SportsKeeda.com
“No words needed” – Pascal Gross rips into...
Brighton & Hove Albion’s Pascal Gross has slammed Arsenal’s...
7h ago from CaughtOffside.com
Comments
Hottest News
'Like being electrocuted!' – Aston Martin reveal shocking...
Aston Martin chief Adrian Newey has suggested... Read More »
1h ago from SkySports.com
Newey warns Aston vibrations risk driver injury
Mar.5 Adrian Newey has warned Aston Martin's... Read More »
54m ago from OneStopStrategy.com
Ollie Bearman 'in talks' with Ferrari as Lewis Hamilton...
British F1 starlet Ollie Bearman admits he is in... Read More »
34m ago from GPFans.com
