6 June 2024
Liberty still seeking FIA green light
As stockholders approve F1 takeover
Only one hurdle remains as F1’s new owner Liberty Media looks to complete its buyout of the sport.
This week, Liberty’s shareholders got together in Colorado to vote on the F1 acquisition, the company headed by US media tycoon John Malone confirmed in a statement.
It said shareholders duly "approved" the purchase, including an official change of name to "Formula One Group".
Liberty said: "The closing of the acquisition remains conditioned upon approval from the FIA, the governing body of formula one."
The company said that approval is likely "before the end of the first quarter in 2017".
Search
Formula 1 news
6 June 2024
Aston Martin must ’change our ideas’ - Lance Stroll
6 June 2024
Mercedes confirms seat-hunting Ocon still ’supported’
6 June 2024
Marko says ’truce’ agreed with Christian Horner
6 June 2024