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Liberty Media buy F1

Discussion in 'Formula One Discussion' started by Bill Boddy, Sep 4, 2016.

  1. Bill Boddy

    Bill Boddy Professional layabout Premium Contributor

    It has been announced in various places that Liberty Media Corporation is in the process of buying F1 from CVC. Mr Ecclestone has been quoted that this could start as soon as Tuesday.

    Formula One sale to Liberty Media to go ahead next week - auto motor und sport

    Liberty Media - Wikipedia, the free encyclopedia
     
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  3. Galahad

    Galahad Not a Moderator Valued Member

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    Seems like good news on the face of it. They would have to pay more attention to the 'show' and therefore the fans than CVC have...though not necessarily good news for purists.
     
  4. Greenlantern101

    Greenlantern101 Super Hero And All Round Good Guy Contributor

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    It's being denied by Bernie on the grid walk, so that means it's definitely happening.
     
    Mezzer, KekeTheKing and Hamberg like this.
  5. Bill Boddy

    Bill Boddy Professional layabout Premium Contributor

    On the BEEB they are saying that Eddie Jordan told them, it did sound from what was said that Mr Ecclestone is going to get his P45.
     
    teabagyokel likes this.
  6. rufus_mcdufus

    rufus_mcdufus Race Winner

    This news did come up a few weeks ago but seemed to go quiet for a bit.
    I can't really see them being any worse than CVC to be honest.
     
  7. ATL11

    ATL11 Podium Finisher

    I heard that too, in fact more interesting was what Martin Brundle said after he walked away from Bernie, in that he said he's giving nothing up, which I thought was strange, almost like a back handed comment to something he knew otherwise. With this so called news, probably the reason why.
     
  8. rufus_mcdufus

    rufus_mcdufus Race Winner

    This was the story on Sky at the end of August which has quite a lot of detail.
    Liberty Media Leads £6.4bn Race For F1
     
    Last edited: Sep 4, 2016
  9. cider_and_toast

    cider_and_toast Everything in moderation Staff Member Premium Contributor

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    Bernie would never back any deal which saw him lose control. Even though he owns very little of the sport by comparison these days, he still calls the shots.
     
  10. vintly

    vintly Mostly bacon Premium Contributor

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    Sounds like a done deal. CVC sell some shares to LIberty, keep Bernie on until there's a proper handover of his role, keep him on after that in an advisory role (assuming he's still compus mentis or even alive), improve the options for viewing F1 content and take the whole circus forward. Of course there will probably be some bad ideas that get aired, but it sounds like a timely progression, given the unrest from fans about the current running of F1.
     
    ATL11 likes this.
  11. teabagyokel

    teabagyokel #bringbackmaldo Valued Member

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    Is that a safe assumption to make?
     
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  12. vintly

    vintly Mostly bacon Premium Contributor

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    Good question teabagyokel – who knows? Bernie could probably make decent deals for his employers with severe dementia.

    I will miss his barmy remarks when he does go at any rate.
     
  13. cider_and_toast

    cider_and_toast Everything in moderation Staff Member Premium Contributor

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    To quote the Who, "here comes the new boss, same as the old boss"
     
    Mezzer likes this.
  14. KekeTheKing

    KekeTheKing Banned Supporter

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    Fantasy F1 Team-mate:
    FF1 Team-mate
    Fantasy F1 Rival:
    FF1 Rival
    Joey Saward with some parting words for Mr Mckenzie

    Notebook from the hotel lobby
     
  15. Titch

    Titch Mine is the best pink car on the track. Premium Contributor

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    In my Newspaper today, the sale to Liberty was being hotly denied. The statement went on to say that there were two other groups in the running.
     
  16. KekeTheKing

    KekeTheKing Banned Supporter

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    Well CVC is out, and that is why everybody is rejoicing.
     
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  17. rufus_mcdufus

    rufus_mcdufus Race Winner

    The news in the last 12 hours or so from several sources is suggesting it's a done deal for Liberty. $8.5bn.
     
  18. Greenlantern101

    Greenlantern101 Super Hero And All Round Good Guy Contributor

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    Last edited: Sep 7, 2016
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  19. Titch

    Titch Mine is the best pink car on the track. Premium Contributor

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    I laugh my socks off.
     
  20. cider_and_toast

    cider_and_toast Everything in moderation Staff Member Premium Contributor

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    Only 3 more years.....:bored:


    Are we there yet?

    Are we there yet?

    Are we there yet?

    Are we there yet?
     
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  21. Road of Bones

    Road of Bones MTC Mole Premium Contributor

    You never know, nature may intervene before then...
     
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