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Motorsport Week

F1 teams will get opportunity to invest under new owners plans

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9 years ago
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Formula 1 teams will be given the opportunity to invest in the sport in return for an ownership stake according to investment plans from the sport's new owners, US-based Liberty Media.

On Wednesday Liberty Media confirmed it had begun the process of buying out CVC's stake in Delta Topco – Formula One's parent company – in a deal worth £3.3 billion ($4.4bn).

As part of their takeover, Bernie Ecclestone will continue as CEO, whilst 21st Century Fox's vice-chairman, Chase Carey, will become Chairman.

Previously the teams had discussed taking a stake in the sport, but opted against the plan when the matter was discussed with then owner CVC, with the investment fund demanding too much.

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However Liberty Media says it will actively engage with the teams by offering them the chance to become stakeholders, with some having already expressed an interest.

"The Teams will be given the opportunity to participate in the investment in Formula One, and the detailed terms of that investment will be agreed in due course," confirmed a statement.

"Certain teams have already expressed an interest in investing after completion of the acquisition."

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Latest News

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