News Details

FIA approves Liberty Media F1 takeover

– The FIA, motorsport's governing body, has approved the takeover of Formula 1 by Liberty Media, following an extraordinary meeting of the World Motor Sport Council in Geneva on Wednesday.Liberty Media took on an initial 18.7 per cent stake in Delta Topco, Formula 1's parent company, in 2016, and announced its intentions to acquire 100 per cent of the shares.On Tuesday, Liberty Media's proposition was rubber-stamped by its own stakeholders, though it still required the approval of the FIA, which has now been granted."During the meeting, the representatives of the prospective new owner made a detailed presentation of their strategy," read a statement issued by the WMSC on...
Full Story »
9y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

World Motor Sport Council to debate Liberty's F1...

 XPB Images The World Motor Sport Council will convene an...
9y ago from F1i.com

Liberty Media stockholders approve proposals for F1...

Liberty Media has crept closer to its takeover of Formula 1 after...
9y ago from MotorsportWeek.com

Liberty Media shareholders approve F1 takeover

Liberty Media Corp announced that its shareholders voted to approve...
9y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Luca Marini leads the way in first Le Mans MotoGP...

Honda rider Luca Marini topped the timesheets in the opening MotoGP free...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

'We did not expect…' – Arteta on...

Arsenal manager Mikel Arteta has admitted to a 'difficult' situation with...
23m ago from CaughtOffside.com

'He can't counter attack at all' - Nicky Butt tells...

Manchester United legend Nicky Butt has advised Mikel Arteta to drop...
53m ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.