F1 Madness

After completing its acquisition of F1, new owners Liberty Media have announced that Chase Carey will take up the role as Chairman and CEO of the F1 Group. This confirms that Bernie Ecclestone’s tenure as F1 ringleader for 40-years has come to an end. As it was reported earlier the role of Honorary President was […]

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The sale of F1 commercial rights to the Liberty Media Group was given the green light today at an extraordinary meeting of the World Motorsport Council (WMSC) in Geneva on Wednesday 18 January, a day after shareholders gave approval for the media giant to forge ahead with its plans to acquire a controlling interest in […]

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Liberty Media Group has announced that it has agreed to acquire Formula One from CVC Capital and others. The deal, which values Formula One at $8.0 Billion and a $4.4 billion equity value, will be concluded in stages. An 18.7% minority stake will be acquired initially for $746 million which will be funded in cash […]

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