FREE NEWSLETTER

Sale of Delta Topco gets FIA approval

19 January 2017

The World Motorsport Council has unanimously approved the sale of Delta Topco, owner of the Formula One Group, to the Liberty Media Group.

The sale will see CVC Capital partners sell 100% of its shares in Delta Topco, to the American mass media specialist.

According to the FIA, it is the aim of Liberty Media, Formula One Group and the FIA to work towards a “constructive relationship” to help benefit the future success of Formula 1. “The FIA looks forward to working with the new owners of the Formula One Group on further developing the unrivalled global spectacle that is the FIA Formula 1 World Championship for all stakeholders.”

As a specialist in media, the Liberty Media Group is tipped to help bring Formula 1 to a wider audience by applying its media expertise.

The Group initially acquired an 18.7%share in September 2016 and expects a completion of sale by the end of January 2017.

This means 100% of the shares in Delta Topco will be transferred to the Liberty Media Group.

Prior to the World Motorsport Council’s approval, representatives from Liberty Media presented members with a detailed strategy of what it intends to do upon sale completion took questions from those present.

The statement from the FIA added: “The FIA looks forward to working with the new owners of the Formula One Group on further developing the unrivalled global spectacle that is the FIA Formula One World Championship for all stakeholders.”

Partners

SADEV
AVL
Bosch logo

Latest issue

FREE Newsletter

Stay up to date and a chance to win 1 Years Subscription*

  • This field is for validation purposes and should be left unchanged.

Latest Tweets

Stay up to date with our social world

RACE TECH magazine @RaceTechmag
3 Dec
Cranfield Impact Centre’s role in testing F1 halo https://t.co/vh5izzGhLF
RACE TECH magazine @RaceTechmag
3 Dec
The latest issue of RACE TECH is out now! Get it online here https://t.co/V4WncEM3ti for FREE for a limited time on… https://t.co/VaaYbkKGDP
RACE TECH magazine @RaceTechmag
1 Dec
Lewis Hamilton catches virus https://t.co/54wCovmm4e
RACE TECH magazine @RaceTechmag
30 Nov
Audi to contest 2022 Dakar Rally with innovative prototype https://t.co/67MNQOFigq
RACE TECH magazine @RaceTechmag
30 Nov
Marking 10th anniversary, Xtreme+ team to take new RZR Pro XP to Dakar https://t.co/XBHDBJQlDb
RACE TECH magazine @RaceTechmag
27 Nov
Jaguar Racing reveals new Jaguar I-TYPE 5 electric race car https://t.co/mPt4qekECq
RACE TECH magazine @RaceTechmag
26 Nov
Audi Sport reveals its new Formula E contender https://t.co/Ry1XTfFLuy
RACE TECH magazine @RaceTechmag
25 Nov
GCK Motorsport launches hydrogen-powered vision for future of cross-country rallying https://t.co/xFXJZOlQv2