Don't Miss
- Commissioner’s statement on Ventura, Marte
- Ronnie O’Sullivan: Masters champion ‘felt so vulnerable’ in final
- Arron Fletcher Wins 2017 WSOP International Circuit Marrakech Main Event ($140,224)
- Smith challenges Warner to go big in India
- Moncada No. 1 on MLB Pipeline’s Top 10 2B Prospects list
- Braves land 2 on MLB Pipeline’s Top 10 2B Prospects list
- Kingery makes MLB Pipeline’s Top 10 2B Prospects list
- New Zealand wrap up 2-0 after Bangladesh implosion
- Mathews, Pradeep, Gunathilaka to return to Sri Lanka
- Elliott hopes for rain for Poli
Liberty Media announce deal to buy Formula 1
- Updated: September 8, 2016
Liberty Media have confirmed that it has agreed a deal to takeover Formula 1 for 4.4bn US dollars (£3.3bn).
The US firm released a statement declaring that they are buying 100 per cent of the shares of Delta Topco, who are the parent company of Formula 1, from CVC Capital Partners.
Liberty Media, who are an American entertainment and media giant, will make Chase Carey – current vice-chairman of 21st Century Fox – the new chairman, while Bernie Ecclestone will stay on as chief executive.
The deal brings to an end years of speculation around the ownership of the racing business.
“After completion of the acquisition, …