Liberty to vote on F1 buyout in January

Dec.9 (GMM) F1’s acquisition by Liberty Media will speed ahead early next year.

Currently, the company headed by US media tycoon John Malone has started to take over the commercial rights from CVC, but the deal is far from complete.

“I think it is too early to talk about how it (F1) will be with new owners taking charge,” F1 supremo Bernie Ecclestone said this week.

Now, Liberty has announced that its shareholders will get together in mid January to “vote on proposals” about the “proposed acquisition” of F1 and the renaming of the company to Formula One Group.

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Liberty to vote on F1 buyout in January

Dec.9 (GMM) F1’s acquisition by Liberty Media will speed ahead early next year.

Currently, the company headed by US media tycoon John Malone has started to take over the commercial rights from CVC, but the deal is far from complete.

“I think it is too early to talk about how it (F1) will be with new owners taking charge,” F1 supremo Bernie Ecclestone said this week.

Now, Liberty has announced that its shareholders will get together in mid January to “vote on proposals” about the “proposed acquisition” of F1 and the renaming of the company to Formula One Group.

Related News

  • 09/12/2016 Liberty to vote on F1 buyout in January Dec.9 (GMM) F1's acquisition by Liberty Media will speed ahead early next year. Currently, the company headed by US media tycoon John Malone has started to take over the commercial […]
  • 18/01/2017 Liberty still seeking FIA green light Jan.18 (GMM) Only one hurdle remains as F1's new owner Liberty Media looks to complete its buyout of the sport. This week, Liberty's shareholders got together in Colorado to vote on the […]
  • 19/01/2017 Ecclestone to exit as FIA approves F1 buyout Jan.19 (GMM) The final hurdle has been cleared as Liberty Media races towards completing its takeover of formula one. Earlier this week, shareholders of the US media tycoon John Malone's […]
  • 07/09/2016 Ecclestone not committing to post-sale F1 Sep.7 (GMM) Bernie Ecclestone is not committing to his current role in charge of F1 if the sale to US media tycoon John Malone's Liberty Group goes through. The first instalment in the […]
  • 21/12/2016 Sauber tips Liberty to be fairer to small teams Dec.21 (GMM) Monisha Kaltenborn thinks F1's new owners are sympathetic to the idea of a fairer distribution of power among the teams. So disillusioned with the way prize money and […]
  • 04/09/2016 Sale of F1 by CVC definitely done – reports Sep.4 (GMM) The deal is definitely done on the sale of F1's majority stake by current owners CVC, according to multiple authoritative publications. Auto Motor und Sport (Germany), La […]
  • 23/01/2017 New Liberty era ‘good thing’ for F1 – Rosberg Jan.23 (GMM) This week could mark the end of Bernie Ecclestone's decades-long reign in formula one. It is believed that, after Liberty Media offered the 86-year-old a less hands-on role […]
  • 09/09/2016 Formula E boss plays down F1 role rumours Sep.9 (GMM) Formula E boss Alejandro Agag has played down suggestions he is set to help run formula one in the wake of the buyout by US media tycoon John Malone. "It's not true," the […]
  • 07/03/2017 Liberty scoffs at F1 TV deal in US Mar.7 (GMM) Liberty Media chief executive Greg Maffei has scoffed at the amount paid for F1's television rights by the American broadcaster NBC. Headed by US media tycoon John Malone, […]
  • 09/09/2016 F1 takeover must clear two hurdles Sep.9 (GMM) F1's sale to US tycoon John Malone's Liberty Media is yet to clear two significant hurdles. The first is the approval of the sport's governing body, the FIA. FIA president […]