News Details
Marchionne pondering investment in F1, but wants more clarity
XPB Images
Ferrari CEO Sergio Marchionne is considering an investment in the Formula One Group as proposed by F1's new owners. Liberty Media has set aside an allocation of 19 million shares of its publicly traded entity FWONK destined to be sold to the sport's teams at a favourable price but with specific terms. So far teams have been reluctant to follow up on the offer as the deal includes many unknowns. During yesterday's conference call with analysts following the publication of Ferrari's 2016 results, Marchionne expressed interest in acquiring a stake in F1, albeit with a few caveats. "We are considering acquiring shares in Formula 1, and we discuss it with the new...
Full Story »
Full Story »
You May Also Be Interested In...
Ferrari wants Liberty to outline its plans for F1's...
Ferrari says it wants clarity from Formula 1's new owners Liberty Media...
9y ago from Motorsport.com
Ferrari working 'round the clock' to finish 2017 car -...
Ferrari are working 'round the clock' to finish their car before...
9y ago from MotorsportWeek.com
Ferrari delivers higher sales and profits to investors...
XPB Images
Sergio Marchionne promised to deliver improved...
9y ago from F1i.com
Ferrari eyes innovative piston solution thanks to 3D...
Ferrari is looking towards 3D printing technology in a bid to introduce an...
9y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez on his current Ducati struggles: “I've...
No description available...
3h ago from Motorsport.com
Tech3 close to deciding between KTM and Honda for 2027...
No description available...
2h ago from Motorsport.com
Manufacturers stand up to Liberty in Jerez as MotoGP...
No description available...
3h ago from Motorsport.com
MotoGP Spanish GP: Alex Marquez ends Aprilia’s...
No description available...
3h ago from Motorsport.com
Popular On IndyCarToday.com
Graham Rahal “not a fan” of new rule allowing...
No description available...
21h ago from Motorsport.com
FOX unveils plan for 60 hours of Indy 500 coverage
No description available...
2d ago from Motorsport.com
IndyCar officiating board helps shape Push to Pass...
IndyCar’s new Independent Officiating Board has made one of its first...
2d ago from MotorsportWeek.c...
IndyCar expands Push to Pass availability
The NTT IndyCar Series has announced a change to the series’ Push to...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why WRC drivers expect Portugal to deliver a rally...
No description available...
4h ago from Motorsport.com
Hyundai brings WRC engine upgrade to Rally Portugal
No description available...
8h ago from Motorsport.com
How Ott Tanak can help Toyota's WRC 2027 car...
No description available...
2d ago from Motorsport.com
Why Hyundai’s WRC season “really starts” at...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Supercomputer predicts Arsenal's chances of winning...
Supercomputer has predicted Arsenal's chances of winning the Premier...
34m ago from SportsKeeda.com
Paul Merson predicts Liverpool vs Chelsea, Arsenal vs...
This is a Premier League weekend where all Arsenal fans won't mind their...
1h ago from SportsKeeda.com
Arsenal or PSG? Gary Lineker names his favorites to...
Gary Linkeker has picked between Arsenal and Paris Saint-Germain (PSG), as...
3h ago from SportsKeeda.com
'He could be the one' - Paul Scholes names Arsenal...
Manchester United legend Paul Scholes believes Arsenal winger Bukayo Saka...
3h ago from SportsKeeda.com
Comments
Hottest News
Fernando Alonso collects $10m supercar and it's the only...
Aston Martin F1 driver Fernando Alonso has been... Read More »
1h ago from GPFans.com
F1 return for BANNED grand prix opens up after 70 years
A ban that was previously placed on a country... Read More »
34m ago from GPFans.com
Max Verstappen completely smashes Super GT rival: 'This is...
In it, he takes on the challenge in a Super GT... Read More »
1h ago from RacingNews365.com
