‘Several Teams Interested’ in F1 Stakes

January 20, 2017

Formula One Chairman Chase Carey has announced that several Formula One teams have expressed interest in investing in the company.

Liberty Media, who have made substantial progress in a takeover bid for the series, announced in 2016 that they would offer stakes in the competition to F1 teams.

Liberty Media are prepared to issue F1 shares to teams at $21.26, which is significantly lower than the Liberty Media price of $28.

The takeover of F1 by Liberty Media is reportedly expected to be formalised and completed by the close of the month.