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18 hours ago · The owners of Formula 1, Liberty Media, could be facing a legal investigation as a Belgian MEP has reportedly escalated an issue with the European Commission. Liberty Media is a mass media company that gained ownership of the Formula One Group, completing their acquisition in 2017. F1 HEADLINES: Secret Horner talks EXPOSED as wife Geri makes ...
Sep 20, 2024 · The margin for the Term Loan B has been reduced from 2.25% to 2.00% with the potential to permanently step down to 1.75% if Formula 1’s net first lien leverage ratio is equal to or less than...
Apr 2, 2024 · CVC Capital Partners was forced to sell MotoGP to gain approval for its acquisition of F1. Liberty Media bought the open-wheel racing championship from CVC for $8 billion in 2016.
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.
- Early Moves
- Under The Hood Changes
- Improving On-Track Action
- Off-Track Excitement
One of the first things that Liberty Media did when it announced the $4.4 billion (£3.3 billion) acquisition of Formula 1 from Delta Topco was to begin appointing a new senior team. One of the most high-profile appointees was Ross Brawnas the sport’s Managing Director of Motor Sports. His task from day one was to find ways to improve the on-track a...
Some of the first things to change were ones that took place behind the scenes. In 2018, Formula 1 signed a deal with Amazon to take advantage of the company’s AWS arm to capture and exploit the gigabytes of data that is generated at each race and the vast library of historic statistics and content. AWS became F1’s official “cloud and machine learn...
Better TV graphics and more betting opportunities are great, but they’re not much use if the actual racing is boring or predictable. For a long time, Formula 1has been battling with trying to make racing more exciting. In fact, over his 40 years in the sport, Ecclestone floated many weird and wacky ideas, such as replacing points with medals, insta...
One area that has significantly improved has been other forms of entertainment for F1 fans and non-fans alike. The Netflix series Drive to Survivehas proven to be a huge hit, especially among younger demographics, and is believed to be responsible for new people beginning to follow the sport. Other documentaries, such as the recently released Schum...
Oct 6, 2021 · The filing confirmed Liberty as the buyers of all shares in Delta Topco, which was effectively CVC’s F1 operating company. Simultaneously Greg Maffei, Liberty’s president and CEO and thus Carey’s ‘boss’, wrote a letter to shareholders outlining the advantages of the acquisition.
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How did Liberty Media acquire F1 1?
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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.
