The FIA has welcomed Liberty Media’s takeover of Formula 1, but says it is keen to find out further details and possible consequences of the deal.
The American media and entertainment giant confirmed on Wednesday that it has taken on a 18.7% stake and will eventually acquire 100% of F1 parent company Delta Topco’s shares.
Liberty Media’s deal is worth $8 billion, with 21st Century Fox vice-chairman Chase Carey becoming F1’s new chairman and Bernie Ecclestone remaining CEO.
“The FIA was obviously not party to the negotiations surrounding the intended sale,” the FIA statement read.
“As such, the Federation awaits further information regarding the proposed terms of the transaction and welcomes the opportunity to discuss with all parties the possible consequences of this agreement on the promotion of the FIA’s flagship championship.”
FIA president Jean Todt said: “While it remains to be seen how this acquisition will influence the promotion of the FIA Formula One championship, we welcome this long-term investment in Formula 1 by a company that has such a broad portfolio of sports, media and entertainment businesses.
“As motor sport’s governing body and regulator we acknowledge Liberty Media’s wide expertise in these fields and we look forward to working in close partnership with them in the future in order to further develop Formula 1 and bring it to new generations of motor sport enthusiasts around the world.”
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