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
Fernando Alonso: No normal person could achieve what...
No description available...
13h ago from Motorsport.com
MotoGP breaks attendance records in 2025; only two...
No description available...
1d ago from Motorsport.com
Motorsport Week's Top 10 MotoGP riders of 2025
The 2025 MotoGP season had it all. With 22 rounds and 44 races, the...
2d ago from MotorsportWeek.c...
22 MotoGP rounds are “too many for the body”,...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
1w ago from MotorsportWeek.c...
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
1w ago from Motorsport.com
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026: Full route, schedule and marathon stage...
No description available...
1d ago from Motorsport.com
Why Hyundai expects to be stronger in WRC 2026
No description available...
4d ago from Motorsport.com
Red Bull co-owner Mark Mateschitz to enter Dakar...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal fan Anne Hathaway shares cheeky 'Owen goal'...
Arsenal fan Anne Hathaway shared a social media message referencing...
10h ago from SportsKeeda.com
'He's maybe one we should have tried to grab' - Steven...
Liverpool legend Steven Gerrard believs the club made a mistake by not...
10h ago from SportsKeeda.com
'It was an unbelievable performance' - Martin Odegaard...
Arsenal captain Martin Odegaard heaped praise on teammate Declan Rice...
9h ago from SportsKeeda.com
'He is fighting the ball' - Paul Merson claims one...
Arsenal legend Paul Merson believes striker Viktor Gyökeres is trying too...
13h ago from SportsKeeda.com
Comments
Hottest News
Legendary F1 circuit undergoes renovations and it could be...
New photos have been released regarding the... Read More »
9h ago from GPFans.com
Ferrari make key decision on Lewis Hamilton race engineer...
Ferrari F1 team have made a decision regarding... Read More »
6h ago from GPFans.com
Oscar Piastri's Mum makes hilarious gag after F1 star's...
Oscar Piastri's mum has made a hilarious gag on... Read More »
5h ago from GPFans.com
