Thread: Racing (Car) Liberty Media to buy Formula 1 fir $4.4 Billion
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Old 08-09-2016, 09:46   #5
1andrew1
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Re: Liberty Media has confirmed it is buying the racing business Formula 1 for $4.4bn
I think that will be good for the sport as Liberty Media has the skills to modernise F1 in a digital world whereas its previous owners just used it to generate cash. As to TV rights, I assume it will still be a case of bidding so no favourtism for Eurosport. But I suspect Liberty might be keener for some races to remain on a FTA channel than its previous owners were as it is investing in the sport long term.
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