Liberty receives anti-trust approvals for F1 purchase

F1i 18/12/2016
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Chase Carey heads the Liberty Media group.

When confirming its intention to acquire F1 back in September, Liberty made clear the purchase was subject to three main conditions, of which the receipt of “all required approvals from all appropriate anti-trust authorities in connection with its pending acquisition of Formula 1” is the first to be achieved.

Liberty recently announced a special meeting will take place on January 17 when shareholders will vote on the issuance of new shares as part of the purchase deal, as well as the renaming of stock to reflect its F1 connection.

“Closing of the Acquisition remains conditioned upon (i) approval by Liberty Media’s stockholders of the issuance of LMCK shares in connection with the Acquisition at a special meeting scheduled for January 17, 2017 and (ii) approval from the Fédération Internationale de l’Automobile, the governing body of Formula 1,” Liberty confirmed in its latest statement.

“The acquisition is still expected to close before the end of the first quarter in 2017.”

Last week, Liberty also announced it has raised an additional $1.55 billion (Dh4.48bn) towards its purchase of F1 through agreements with third-party investors.

Those agreements result in current selling shareholders – led by CVC Capital Partners – receiving more cash as part of the deal.

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Ricciardo 'not naive' over Verstappen relationship

F1i 17/12/2016
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Can the Red Bull team-mates cohabit?

Since Verstappen was promoted to Red Bull at the Spanish Grand Prix this year, the two drivers have been closely matched with Ricciardo scoring 220 points as team-mates while Verstappen picked up 191.

While the two largely got on well this year, ahead of the introduction of new aerodynamic regulations in 2017, Ricciardo is aware it is unlikely to be the same situation if Red Bull is strong next season.

“Well, I’m not naive,” Ricciardo told the official Red Bull website. “If we’re fighting for wins I’m sure the pressure and tension will rise – but hopefully we’ll be able to look each other in the eye and say “good job” afterwards.”

And Ricciardo sees the new regulations as a good chance for Red Bull to at least get closer to Mercedes than it has been over the past three years.

“I honestly think it’s a good thing for us. It seems to put more emphasis on aerodynamics and I have a lot of faith in our aerodynamics department.

“It’s our strong suit. From that point of view I don’t think it can hurt us. Also, I think the cars are going to look pretty bad-ass. Mean, wider tyres, more muscular. Grrrrrr…”

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Felix and Hamilton Talk Speed

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Allyson Felix and Lewis Hamilton are considered speed demons in their respective sports; Allyson in Track & Field, and Lewis in Formula 1.

Though their sports are tremendously different, the two sat down to have a conversation racer to racer and learned just how similar they are as athletes and people.

The video of the two stars’ conversation was uploaded by Vice Sports on their YouTube channel.

What do you think about the similarities between these two speedsters?


Share with us your thoughts by commenting below, using #360fans on Twitter or getting in touch via Facebook.









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