Investors Tag

By Adam Tate, Associate Editor Liberty Media has announced an agreement with third party investors to raise $1.55 billion dollars in order to move forward with their plan to purchase Formula One from CVC Capital Partners. They are raising the funds through newly issues shares of their stock with the price set at $25 per share. The official release from Liberty is strewn with legal jargon, but the basic gist is that the capital raised from selling the shares will ensure the initial deal they signed with CVC for a fullRead More

By Adam Tate, Associate Editor The previously unthinkable has come to pass, Ron Dennis has stepped down from his role as Chairman and Chief Executive at McLaren. The news comes after much speculation since the team’s troubled performance and lack of results in Formula One. Dennis had planned to buyout fellow shareholders Mansour Ojjeh, and the Bahraini Sovereign Wealth Fund in order to take full control over the company. In his attempts to do so he tried and failed at luring tech giant Apple into a potential buyout or investment dealRead More