Sidepodcast // All for F1 and F1 for all

Next race: Chinese Grand Prix, Shanghai
F1Minute // Bitesize Formula One news

Liberty Media receive FIA approval for Formula One takeover // Deal agreed for CVC to sell to Liberty

Published by Christine Blachford

Liberty Media receive FIA approval for Formula One takeover
Liberty Media receive FIA approval for Formula One takeover audio waveform
00:01:00
Slow

The World Motorsport Council gathered in Geneva today for an extraordinary meeting to discuss the potential takeover of Formula One by the Liberty Media Corporation. Two statements released after the meeting reveal that the acquisition has the approval of everyone involved, with CVC transferring their entire shareholding to the new owners Liberty Media Corporation.

Liberty had already bought just over 18% of the shareholding in the sport back in September, which is when we first saw Chairman Chase Carey in the paddock. They’ve been working on the rest of the finer details since then and have finally sealed the deal.

The Liberty Media statement simply says every demand and every stakeholder has been satisfied, and that the acquisition should be completed by the time the season gets underway. Meanwhile, the FIA’s press release says: “The FIA looks forward to working with the new owners of the Formula One Group on further developing the unrivalled global spectacle that is the FIA Formula One World Championship.”




Buy from Amazon - Pocket F1 Handbook: Guide to the 2015 Grand Prix Season

365 F1 stories

What was the infamous excuse McLaren gave, when they confirmed on this day in '05 that Montoya would miss a race?

F1 team launches
Sauber F1 TeamOnline20 Feb
Renault Sport F1 TeamTBC21 Feb
Sahara Force India F1 TeamSilverstone, England22 Feb
Mercedes AMG Petronas MotorsportSilverstone, England23 Feb
McLaren HondaTBC24 Feb
Scuderia FerrariFiorano, Italy24 Feb
Williams Martini RacingTBC25 Feb
Haas F1 TeamTBC26 Feb
Red Bull RacingOnline26 Feb
Scuderia Toro RossoBarcelona, Spain26 Feb
F1 test schedule
Circuit de Barcelona-CatalunyaSpain27 Feb
Circuit de Barcelona-CatalunyaSpain28 Feb
Circuit de Barcelona-CatalunyaSpain1 Mar
Circuit de Barcelona-CatalunyaSpain2 Mar
Circuit de Barcelona-CatalunyaSpain7 Mar
Circuit de Barcelona-CatalunyaSpain8 Mar
Circuit de Barcelona-CatalunyaSpain9 Mar
Circuit de Barcelona-CatalunyaSpain10 Mar

On this day in F1 history