F1 Sale Tag

By Adam Tate, Associate Editor Colorado based company Liberty Media has confirmed it will undertake a buyout of Formula One from current majority stakeholders CVC Capital Partners, who have owned the majority stake in F1 for a decade. Liberty has already purchased a stake of 18.7% for $746 million. The plan calls for them to purchase the rest of CVC’s shares, at which point the company will be aptly renamed from the Liberty Media Group to the Formula One Group. Despite some changes behind the scenes, few immediate changes will happen.Read More