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Liberty Media could sell Formula 1 - report

2019-01-28 08:43

Image: Former Formula One boss Bernie Ecclestone (L) and F1 chairman and CEO Chase Carey.

Liberty Media could be looking to sell Formula 1 already.

The American company, having bought the rights in 2016 and appointed Chase Carey to replace long-time F1 supremo Bernie Ecclestone in 2017, is reportedly now considering its place in the sport.

Not making sense

According to the sports business news publication johnwallstreet.com, Liberty is "exploring scenarios that would decrease (its) stake in the international racing circuit".

READ: F1 sold for $8-billion to Liberty Media

Liberty's 2016 deal valued F1 at $8-billion.

Johnwallstreet.com said Ecclestone, 88, might buy F1 back "for a fraction" of that price.

"So far I have not seen a thing that makes sense. They (Liberty) are doing almost everything wrong," Blick newspaper quoted Ecclestone as saying recently.

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Read more on:    liberty media  |  bernie ecclestone  |  france  |  motorsport  |  f1

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