Liberty Media Offers Stakes to F1 Teams

Liberty Media group will offer every Formula One team the opportunity to purchase a stake in the series, according to Sky News.

The report stated that Liberty would retain an option to reduce the total amount of shareholding sold to an aggregate of 22%- with the two teams holding the largest shares able to nominate one person to the board of Delta Topco, F1’s parent company.

The document also suggests there will be significant changes to the Championship, with increased sponsorship sales and new central commercial premises key ambitions for the series.

Liberty Media is expected to complete its F1 Takeover within a matter of weeks.