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F1: Liberty Media takeover gets FIA approval
Deal is backed by a unanimous vote at the World Motorsport Council meeting in Geneva
Things are finally moving ahead. Liberty Media's takeover of Formula 1 has made significant progress. First the company's shareholders voted that the takeover process may go ahead. Then the same takeover received unanimous backing by the FIA at the World Motor Sport Council meeting held in Geneva.
Representatives of Liberty Media, owned by parent company 21st Century Fox, made a presentation at the WMSC meeting, in order to allow senior FIA officials the opportunity to address any queries they might have had about the takeover. It has...
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First Published:Jan 19, 2017, 16:13:19 IST
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