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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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Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
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Bahrain
26 - Mar 28 2021
Bahrain
16 - Apr 18 2021
Italy
30 - May 2 2021
Portugal
7 - May 9 2021
Spain
20 - May 23 2021
Monaco
4 - Jun 6 2021
Azerbaijan
18 - Jun 20 2021
France
25 - Jun 27 2021
Austria
2 - Jul 4 2021
Austria
16 - Jul 18 2021
United Kingdom
30 - Aug 1 2021
Hungary
27 - Aug 29 2021
Belgium
3 - Sep 5 2021
Netherlands
10 - Sep 12 2021
Italy
24 - Sep 26 2021
Russian
8 - Oct 10 2021
Japan
8 - Oct 10 2021
Turkey
22 - Oct 24 2021
United States of America
5 - Nov 7 2021
Mexico
12 - Nov 14 2021
Brazil
19 - Nov 21 2021
Qatar
3 - Dec 5 2021
Saudi Arabia
10 - Dec 12 2021
United Arab Emirates
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United Arab Emirates
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Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28 2021
16 - Apr 18 2021
30 - May 2 2021
7 - May 9 2021
20 - May 23 2021
Monaco Monte Carlo
4 - Jun 6 2021
Azerbaijan Baku City Circuit
18 - Jun 20 2021
France Paul Ricard
25 - Jun 27 2021
Austria Red Bull Ring
2 - Jul 4 2021
Austria Red Bull Ring
16 - Jul 18 2021
United Kingdom Silverstone
30 - Aug 1 2021
Hungary Hungaroring
27 - Aug 29 2021
3 - Sep 5 2021
Netherlands Circuit Zandvoort
10 - Sep 12 2021
Italy Monza
24 - Sep 26 2021
Russian Sochi Autodrom
8 - Oct 10 2021
8 - Oct 10 2021
Turkey Istanbul Park
22 - Oct 24 2021
United States of America Circuit of the Americas
5 - Nov 7 2021
12 - Nov 14 2021
Brazil Interlagos
19 - Nov 21 2021
3 - Dec 5 2021
Saudi Arabia Jeddah Street Circuit
10 - Dec 12 2021
United Arab Emirates Yas Marina Circuit
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United Arab Emirates Yas Marina Circuit
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