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Formula 1 say ‘For Sale' reports are rubbish
A report has emerged this weekend which every motorsport media outlet has latched on to, suggesting that Liberty Media are already looking to off-load Formula 1 which they purchased for over $8-billion in 2017. And, apparently, the first in line to buy it back at a bargain basement price is former self-styled supremo Bernie Ecclestone, the man who sold it to Liberty in the first place, but according to the Formula 1 media office it's all hogwash. This past weekend John Wall Street reported: 'Less than 3 years after Liberty Global acquired Formula One, the company is reportedly exploring scenarios that would decrease their stake in the international racing circuit.' 'Everything from an exit...
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6y ago from GrandPrix247.com
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