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Warren Buffet to play a role in F1 takeover?

  • Published on 21 Nov 2016 17:20
  • comments 0
  • By: Dominik Wilde

Warren Buffet could become a key player in Liberty Media's takeover of Formula One.

The American Billionaire, the third richest man in the world according to Forbes, is reported to own a stake in Liberty Media - F1's new owners.

Buffet;s holding company Berkshire Hathaway wholly owns GIECO, BNSF, Lubrizol, Dairy Queen, and Fruit of the Loom, plus an 8% stake in Liberty Media according to Pitpass.

Berkshire Hathaway is Liberty Media's only external shareholder and crucially holds 4.6% of the company's voting rights.

Liberty Media Chairman John Malone holds 47.6% of the company's voting power, with his and his co-director's voting power combining to make 49.4%, making Berkshire Hathaway's stake in Liberty Media crucial.

Liberty are aiming to complete a full takeover of Formula One by June 30 2017.

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Date
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Bahrain
26 - Mar 28
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16 - Apr 18
Italy
7 - May 9
Spain
20 - May 23
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4 - Jun 6
Azerbaijan
18 - Jun 20
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25 - Jun 27
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2 - Jul 4
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30 - Aug 1
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27 - Aug 29
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3 - Sep 5
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10 - Sep 12
Italy
24 - Sep 26
Russian
1 - Oct 3
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8 - Oct 10
Japan
22 - Oct 24
United States of America
29 - Oct 31
Mexico
5 - Nov 7
Brazil
19 - Nov 21
Australia
3 - Dec 5
Saudi Arabia
10 - Dec 12
United Arab Emirates
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Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28
16 - Apr 18
7 - May 9
20 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
18 - Jun 20
France Paul Ricard
25 - Jun 27
Austria Red Bull Ring
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
3 - Sep 5
Netherlands Circuit Zandvoort
10 - Sep 12
Italy Monza
24 - Sep 26
Russian Sochi Autodrom
1 - Oct 3
8 - Oct 10
22 - Oct 24
United States of America Circuit of the Americas
29 - Oct 31
5 - Nov 7
Brazil Interlagos
19 - Nov 21
Australia Albert Park
3 - Dec 5
Saudi Arabia Jeddah Street Circuit
10 - Dec 12
United Arab Emirates Yas Marina Circuit
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