8chan/8kun QResearch Posts (2)
#7492733 at 2019-12-13 00:54:07 (UTC+1)
Q Research General #9583: Anthill Kicked Edition
Formula One Group Pres/CEO sold: $71.58m: Dec 2-11
The Formula One Group is a group of companies responsible for the promotion of the FIA Formula One World Championship, and the exercising of the sport's commercial rights.
The Group was previously owned by Delta Topco, a Jersey-based company owned primarily by investment companies CVC Capital Partners, Waddell & Reed, and LBI Group, with the remaining ownership split between Bernie Ecclestone, other investment companies, and company directors. It has subsequently been bought out by Liberty Media (a spin-off of TCI, an American cable-television group).
Ecclestone, a former Formula One team boss, spent 40 years as chief executive of the company after gaining control of the commercial rights. As of February 2019, the Group is run by Chase Carey as Chairman and Chief Executive, with Ross Brawn serving as Managing Director, Motor Sports; and Sean Bratches serving as Managing Director, Commercial Operations. Ecclestone serves as Chairman Emeritus.
Liberty Media Corporation (commonly referred to as Liberty Media or just Liberty) is an American mass media company controlled by chairman John C. Malone. The company has three divisions, reflecting the company's ownership stakes in Formula One, SiriusXM, and the Atlanta Braves.
https://en.wikipedia.org/wiki/Formula_One_Group
https://www.finviz.com/insidertrading.ashx?oc=1099636&tc=7
#7442510 at 2019-12-06 23:22:51 (UTC+1)
Q Research General #9518: Ebake
Formula One Group President/CEO sold: $42.22m-Dec 2-5
cap sauce
https://www.finviz.com/insidertrading.ashx?oc=1099636&tc=7&b=2
F1: Formula 1 sold to Liberty Media Group for US$8 billion, sport to have new chairman
https://www.foxsports.com.au/motorsport/formula-one/f1-formula-1-sold-to-liberty-media-group-for-us8-billion-sport-to-have-new-chairman/news-story/ff8ed3f6c925fc8e58bf20dced8d4d93
Revealed: How Liberty Media Bought Formula One For $301 Million
Liberty Media Corporation (LMC) used just $301 million of its own cash to buy Formula One auto racing in January according to a detailed analysis of its latest filings which reveals that the bulk of the $4.6 billion acquisition was funded with debt, a share offering and a loan that can be exchanged for shares.
LMC bought F1's parent company Delta Topco from a consortium led by the private equity firm CVC. It was widely reported that the price tag was around $8 billion but in fact this was the enterprise value. As this investing website explains, "market Capitalization + Total Debt - Cash = Enterprise Value".
This is calculated by first taking Delta Topco's total net bank borrowings, which came to $4.1 billion at 31 December 2016, and deducting the company's $624.4 million cash reserves from it. The result comes to just over $3.4 billion and this is Delta Topco's net debt. To get the enterprise value it needs to be added to the company's market capitalization of $4.6 billion which is the actual amount paid by LMC.
https://www.forbes.com/sites/csylt/2017/08/15/revealed-how-liberty-media-bought-formula-one-for-301-million/#32fce5287f2a
Liberty Media
Liberty Media Corporation (commonly referred to as Liberty Media or just Liberty) is an American mass media company controlled by chairman John C. Malone. The company has three divisions, reflecting the company's ownership stakes in Formula One, SiriusXM, and the Atlanta Braves.
https://en.wikipedia.org/wiki/Liberty_Media
Formula One Grp.
The Formula One Group is a group of companies responsible for the promotion of the FIA Formula One World Championship, and the exercising of the sport's commercial rights.
The Group was previously owned by Delta Topco, a Jersey-based company owned primarily by investment companies CVC Capital Partners, Waddell & Reed, and LBI Group, with the remaining ownership split between Bernie Ecclestone, other investment companies, and company directors. It has subsequently been bought out by Liberty Media (a spin-off of TCI, an American cable-television group).
Ecclestone, a former Formula One team boss, spent 40 years as chief executive of the company after gaining control of the commercial rights. As of February 2019, the Group is run by Chase Carey as Chairman and Chief Executive, with Ross Brawn serving as Managing Director, Motor Sports; and Sean Bratches serving as Managing Director, Commercial Operations. Ecclestone serves as Chairman Emeritus.
https://en.wikipedia.org/wiki/Formula_One_Group