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Apr 16, 2023 · While the FIA own the series from a sporting perspective, the Formula One Group, under parent company Liberty Media, own the rights to the commercial side of the sport.
The consideration for Liberty Media’s acquisition of 100% of the shares of F1 (1) was comprised of cash and newly issued Series C shares of the Liberty Media Group tracking stock (“LMCK”) and a debt instrument exchangeable into shares of LMCK.
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.
Sep 9, 2016 · Formula One has been sold to American media giant Liberty Media in a deal valued at $8bn (£6.25bn), one that heralds the biggest transformation in the sport for almost 40 years.
Jun 13, 2024 · Since 1991, Liberty has had ownership in many different companies, ranging from TV Sports networks, Television networks, and the baseball team Atlanta Braves. As a part of the Formula One Group that they currently own, they also own 30% of Indycar and IMSA team Meyer Shank Racing, and they have a 3% stake in the Drone Racing League
Sep 7, 2016 · The consortium of sellers led by CVC will own approximately 65% (1) (3) of the Formula One Group’s equity and will have board representation at Formula One to support Liberty Media in continuing to develop the full potential of the sport.
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Jan 30, 2024 · Much of F1's recent success can be attributed directly to it having been purchased for $301 million by Liberty Media in 2017, bringing the series into the modern world.
