American Liberty Media Corporation, bought 18.7% stake in the group of companies that control F1, announced on its official website that the deal will be completely closed in the first quarter of 2017.
Control of the «Formula 1» Liberty Media will cost 4.4 billion dollars, not counting the 4 billion of debts of previous owners.
With regard to the general promoter of F1 and, in fact, its actual owner 85-year-old Bernie, it will remain at the post. According to him it is known that the new owner (Liberty Media holds a 75-year-old entrepreneur John Malone) asked Bernie to be CEO of three years.
Chairman of the Formula One Group Board of Directors appointed Chase Carey, the top manager of the media holding 21st Century Fox. He is expected, again according to Ecclestone, the growth of «Formula 1» due to the popularity of social networks in the first place.
Despite the fact that Liberty Media has interests in various US media, and along with the baseball team, «Atlanta Braves», new purchase is the most significant. Following the acquisition of «Formula 1» Liberty Media Group will change its name to the Formula One Group.
Photo: open source
Chairman of the Formula One Group Board of Directors appointed Chase Carey, the top manager of the media holding 21st Century Fox. He is expected, again according to Ecclestone, the growth of «Formula 1» due to the popularity of social networks in the first place.
Despite the fact that Liberty Media has interests in various US media, and along with the baseball team, «Atlanta Braves», new purchase is the most significant. Following the acquisition of «Formula 1» Liberty Media Group will change its name to the Formula One Group.
Photo: open source
