0
Liberty Media has now blocked teams from buying into the sport. In January, when Liberty completed its takeover of Formula 1, the company's president Greg Maffei said $400 million in shares had been set aside because it is "important to offer the teams the chance to invest in F1 and further align our interests".
Teams did not pounce on the offer, with one top team source saying the offer was "not very attractive" without voting rights, and Liberty Media has now confirmed that no team took up the opportunity.
Verstappen Racing Skips the Nurburgring This Weekend to Race in France
Honda Calls Newey's Criticism of Their Aston Martin Partnership a "Misunderstanding"
"While the window for this particular investment opportunity has passed, we are pleased with the collaborative discussions we are having with the teams," said F1 CEO Chase Carey. "These discussions will take time, but we appreciate their receptivity towards further aligning our incentives for the long term benefit of the sport," he added.
Azerbaijan Grand Prix
I. Hadjar
A. Antonelli
C. Leclerc
Replies (0)
Login to reply