NEWS
New chairman, Chase Carey, has been quietly working to gain an understanding of Formula 1’s bigger picture
PHOTOS: GLENN DUNBAR/LAT; STEVEN TEE/LAT; STEVE ETHERINGTON/LAT; SUTTON IMAGES
Liberty Media will complete their purchase of a controlling interest in F1 in the first quarter of 2017. The company, which bought 18.7 per cent of F1 for $746m in cash in September 2016, will take their shareholding to 35.3 per cent in a deal that values the business at $8bn. Liberty say they have “all required approvals from all appropriate anti-trust authorities in connection with the pending acquisition of Formula 1”.