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Thursday, September 8, 2016

F1 - New era for Formula One as US firm Liberty takes control

Published on Sep 8, 2016
A new era has begun for Formula One.

The European-dominated sport is being taken over by an American media mogul.

The world's top motor-racing championship has long sought to break into the US market and win fresh audiences.

News that American cable TV magnate John Malone's Liberty Media is paying 4.4 billion dollars to take control from outgoing rights holders CVC should help it achieve that aim.

==Formula One will have a new American owner, Liberty Media