FIA welcomes F1 purchase but is keen to learn more

  • Published on 09 Sep 2016 09:03
  • comments 0
  • By: Dominik Wilde

The FIA has said that they welcome Formula One's sale to Liberty Media Group.

The American conglomerate purchased the sport from CVC earlier this week, adding it to a portfolio that includes the Atlanta Braves baseball team.

Motorsport's governing body has been positive of the 48 billion deal, but is also keen to learn more about the sale.

"The FIA was obviously not party to the negotiations surrounding the intended sale. As such, the Federation awaits further information regarding the proposed terms of the transaction and welcomes the opportunity to discuss with all parties the possible consequences of this agreement on the promotion of the FIA's flagship championship."

FIA President Jean Todt has acknowledged the positive impact Liberty Media could have on F1 and has said he is looking forward to working with the company in the future.

"While it remains to be seen how this acquisition will influence the promotion of the FIA Formula One championship, we welcome this long-term investment in Formula One by a company that has such a broad portfolio of sports, media and entertainment businesses," he is quoted by Autosport. "As motorsport's governing body and regulator, we acknowledge Liberty Media's wide expertise in these fields.

"We look forward to working in close partnership with them in the future in order to further develop Formula 1 and bring it to new generations of motorsport enthusiasts around the world."

Replies (0)

Login to reply

BE Grand Prix of Belgium

Local time 18:07

BEGrand Prix of Belgium

Local time 18:07

World Championship standings 2025

Show full world champion standings

Test calendar

See full test schedule

Related news

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Formula 1 Calendar - 2025

Date
Grand Prix
Circuit
-
Bahrain
14 - Mar 16
Australia
21 - Mar 23
China
4 - Apr 6
Japan
11 - Apr 13
Bahrain
18 - Apr 20
Saudi Arabia
2 - May 4
United States of America
16 - May 18
Italy
23 - May 25
Monaco
30 - Jun 1
Spain
13 - Jun 15
Canada
27 - Jun 29
Austria
4 - Jul 6
United Kingdom
25 - Jul 27
Belgium
1 - Aug 3
Hungary
29 - Aug 31
Netherlands
5 - Sep 7
Italy
19 - Sep 21
Azerbaijan
3 - Oct 5
Singapore
17 - Oct 19
United States of America
24 - Oct 26
Mexico
7 - Nov 9
Brazil
21 - Nov 23
United States of America
28 - Nov 30
Qatar
5 - Dec 7
United Arab Emirates
See full schedule

Formula 1 Calendar - 2025

Date
Grand Prix & Circuit
14 - Mar 16
Australia Albert Park
21 - Mar 23
4 - Apr 6
11 - Apr 13
18 - Apr 20
Saudi Arabia Jeddah Street Circuit
2 - May 4
United States of America Miami International Autodrome
16 - May 18
23 - May 25
Monaco Monte Carlo
30 - Jun 1
13 - Jun 15
27 - Jun 29
Austria Red Bull Ring
4 - Jul 6
United Kingdom Silverstone
25 - Jul 27
1 - Aug 3
Hungary Hungaroring
29 - Aug 31
Netherlands Circuit Zandvoort
5 - Sep 7
Italy Monza
19 - Sep 21
Azerbaijan Baku City Circuit
3 - Oct 5
17 - Oct 19
United States of America Circuit of the Americas
24 - Oct 26
7 - Nov 9
Brazil Interlagos
21 - Nov 23
United States of America Las Vegas Street Circuit
28 - Nov 30
5 - Dec 7
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar