|
F-1 burnie's gone liberty in
''Liberty Media Corporation [...] and Delta Topco, the parent company of Formula 1 (Delta Topco herein referred to as "Formula 1" or "F1") announced today that Liberty Media has completed its previously announced acquisition of F1, the iconic global motorsports business, from a consortium of sellers (the "Selling Shareholders"). F1 has appointed Chase Carey as Chief Executive Officer of F1, in addition to his existing role as Chairman, and Bernie Ecclestone as Chairman Emeritus of F1. Bernie Ecclestone, who has given valuable service to F1 over many years, will be available as a source of advice for the board of F1.
Liberty Media's President and CEO, Greg Maffei and Formula 1's Chairman and CEO, Chase Carey will be appearing on the CNBC television program "Squawk Box" from 7:00 am ET to 9:00 am ET on Tuesday, January 24, 2017 to discuss the completion of the acquisition in more detail. During their appearance, Mr. Maffei and Mr. Carey may make observations regarding Liberty Media's and Formula 1's financial performance and outlook and the impact of current economic trends.''
ross braun will be sporting director
|