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      us.marca.com

      • F1 parent company Liberty Media has acquired a 39-acre site for $240 million in Las Vegas, CEO Greg Maffei told investors during Friday’s quarterly earnings call. Maffei said the site east of the Las Vegas Strip will be used for a pit-and-paddock area as well as other hospitality activities starting at next year’s new Las Vegas Grand Prix.

      Liberty Media Expands F1 Vegas Footprint With $240M Land ...

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  3. www.reuters.com › lifestyle › sportsF1 owners Liberty Media to buy Las Vegas land for $240 million

    May 6, 2022 · Formula One's commercial rights holders Liberty Media are buying a plot of land in Las Vegas for $240 million to locate the pit and paddock complex for a grand prix next year, they said...

  4. www.ft.com › content › d3a3631f-3b41-42e0-9651-dLiberty Media pulls off its F1 Las Vegas bet - Financial Times

    Nov 24, 2023 · The latest grand prix is seen as a new ‘jewel in the crown’, but drivers question the gruelling nature of an expanding race schedule. Max Verstappen and Red Bull Racing team principal ...

    • Samuel Agini

  5. www.costar.com › article › 121688344Formula One Bets Nearly $300 Million on Las Vegas As Next Big ...

    Nov 16, 2023 · Englewood, Colorado-based Liberty Media, the parent company of race organizer Formula One Group, last year acquired a 39-acre redevelopment site adjacent to the Las Vegas Strip...

  6. www.usatoday.com › story › sportsHow Formula 1 'sold a dream' and created the Las Vegas Grand Prix

    Nov 18, 2023 · Liberty Media is promoting the race itself and spent $240 million to purchase the land for the paddock and an estimated hundreds of millions more to build the track and event's infrastructure.

  7. finance.yahoo.com › news › f1-will-inject-12-billionF1 will 'inject $1.2 billion' into Las Vegas: Liberty Media CEO

    Nov 17, 2023 · Colorado-based Liberty Media bought Formula 1 for $4.4 billion back in 2017, and had plans for growing the business, especially in America.

    • Pras Subramanian
    • 3 min

  8. www.libertymedia.com › investors › news-eventsLiberty Media Corporation Completes Acquisition of Formula 1

    Jan 23, 2017 · 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.

  9. www.vegasbusinessdigest.com › f1-buys-39-acresF1 Buys 39 Acres Land East of Las Vegas Strip for $240 Million

    May 9, 2022 · Liberty Media, owner of F1, entered an agreement to acquire 39 acres east of the Las Vegas Strip for $240 million. The transaction is expected to close in the second quarter of this year and will be funded by cash on hand at the Formula One Group level.