Search results
The FIA has given its approval to Liberty Media’s acquisition of Formula One, following an extraordinary meeting of its World Motor Sport Council (WMSC) in Switzerland on Wednesday. __The full statement from the FIA:____. The World Motor Sport Council has unanimously approved the change of control of Delta Topco Limited (the holding company ...
23 January 2017. Liberty Media Corporation and Delta Topco, the parent company of Formula 1 announced today that Liberty Media has completed its previously announced acquisition of F1, the iconic global motorsports business, from a consortium of sellers. F1 has appointed Chase Carey as Chief Executive Officer of F1, in addition to his existing ...
Jan 23, 2017 · Greg Maffei, President and CEO of Liberty Media Corporation, commented: “We are delighted to have completed the acquisition of F1 and that Chase will lead this business as CEO. There is an enormous opportunity to grow the sport, and we have every confidence that Chase, with his abilities and experience, is the right person to achieve this.
Jan 18, 2017 · The news comes a day after Liberty Media shareholders agreed to proposals related to the £6 billion takeover and a change of name to the Formula One Group. Liberty Media bought an initial 18.7 ...
The interest in Formula One already acquired by Liberty Media, and the remaining interest to be acquired upon the closing of the acquisition, along with $4.1 billion of existing Formula One debt (which will be non-recourse to Liberty Media) and $0.7 billion in Formula One cash, is being attributed to the Liberty Media Group tracking stock.
Jan 18, 2017 · Chief F1 writer. Formula 1's governing body the FIA has approved the sale of the sport's commercial rights to Liberty Media. The US company is in the process of finalising a purchase of a ...
People also ask
Did the FIA approve Liberty Media's acquisition of Formula One?
Does Liberty Media own Formula One?
Will Liberty Media take over F1?
Who owns Formula 1's commercial rights?
5 days ago · F1 races last year recorded an average of 1.11 million viewers. The sky-high viewership of the motorsports franchise has only grown higher with every passing year in the last decade. And this is all because the American group Liberty Media purchased ownership of Formula 1 from Bernie Ecclestone and gave it a complete makeover. Earlier, many ...
