F1-Fansite.com

F1 News

US media companies are trying to get major F1 stake

Michael Schumacher, Ferrari F2004 USA flag
Michael Schumacher, Ferrari F2004 USA flag
Michael Schumacher, Ferrari F2004 USA flag

Michael Schumacher, Ferrari F2004 USA flag

US media companies Liberty and Discovery have moved to buy a major stake in formula one from CVC, according to reports.

The New York Post said the bid is headed by John Malone, but Reuters and the Telegraph said the talks about a 49 per cent sale are only at an early stage.

Writing in the Telegraph, journalists Katherine Rushton and Christian Sylt said the bid is in direct competition with News Corp's Rupert Murdoch, who in 2011 was reported to be interested in buying the sport.

CVC would not comment, but F1 chief executive Bernie Ecclestone said he was not specifically aware of the Malone bid.

"You've got all these people that buy and sell companies, like people that buy and sell anything," he said.

"They always think that somebody who wants to sell is in trouble. They think they (CVC) are in trouble."

Book discounted tickets and reservate your hotel room in our F1 Tickets Shop.

Please share this article & subscribe to our FREE weekly F1 Newsletter!

PinIt
 submit to reddit  

Leave a Reply

Your email address will not be published. Required fields are marked *

Last 20 articles:

See older posts in our F1 Archive »

Stay Updated by F1-Fansite!

2017 F1 Merchandise

2017 F1 MerchandiseGet your 2017 F1 Merchandise here.

Early Booking Discounts on F1 Tickets

Book F1 Tickets cheaper at F1-Fansite.com 2017 Formula 1 Season Early Booking Discounts are:
F1 RaceDiscount
Abu Dhabi '17AvailableBook Now
Australia '18AvailableBook Now
Spain '1820% DiscountBook Now
Monaco '18AvailableBook Now
Canada '18AvailableBook Now
Austria '1820% DiscountBook Now
UK '18AvailableBook Now
Germany '1829% DiscountBook Now
Hungary '1820% DiscountBook Now
Belgium '1815% DiscountBook Now
Singapore '1820% DiscountBook Now