Liberty Media's F1 takeover: Teams will get the chance to invest

Formula 1 teams will be given the chance to claim their own stake in the championship, as part of Liberty Media's takeover

Liberty Media's F1 takeover: Teams will get the chance to invest

The deal, with Chase Carey appointed as chairman, was announced on Wednesday night.

Its terms include the scope for teams to purchase a share in the new structure.

At present, no team has a stake in F1 of any description, although it is understood they were once offered the opportunity to buy CVC's shares, only to baulk at the asking price.

A Liberty Media statement on the takeover read: "The teams will be given the opportunity to participate in the investment in Formula 1, and the detailed terms of that investment will be agreed in due course.

"Certain teams have already expressed an interest in investing after completion of the acquisition."

Liberty Media's acquisition of F1 is subject to key conditions.

They include the receipt of certain clearances and approvals by antitrust and competition law authorities in various countries, along with certain third-party consents and approvals, including that of the FIA.

Motorsport's governing body has a 1% stake in F1, and has to give consent to any deal.

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Series Formula 1
Author Ian Parkes
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