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LONDON -- Formula One is being bought by Liberty Media, a U.S. company that invests in entertainment and sports, for $4.4 billion.Liberty Media Corp., which is controlled by 75-year-old tycoon John Malone, has ended years of uncertainty about the ownership of the auto racing series with Wednesdays deal.There will be continuity, with Bernie Ecclestone remaining the chief executive officer of F1. But the 85-year-old Ecclestone will have to work under a new chairman: Chase Carey, the executive vice chairman of Rupert Murdochs entertainment conglomerate 21st Century Fox.Formula One has hundreds of millions of fans, and Carey said in a statement that he sees opportunity to develop it. In an interview, Ecclestone said he is optimistic Liberty has the resources, expertise and outlook to drive the growth of F1 -- particularly in the United States.Liberty said it has initially purchased a minority stake of 18.7 percent for $746 million. A buyout is expected to be completed by March 2017. F1s biggest current shareholder, investment fund CVC Capital Partners, and the other sellers will still own 65 percent of Formula One Group stock, and retain board representation. But CVC, which first invested in F1 in 2005, is ceding control of the sport to Malones Liberty, which has all the voting shares.The company says the deal values Formula One at $8 billion, including debt.Malone, a U.S. cable-industry pioneer, has wide-ranging holdings in sports and entertainment. His Liberty Media also owns Major League Baseball team Atlanta Braves and has a controlling interest in radio company Sirius XM. Malone also controls European telecom company Liberty Global and has investments in U.S. cable company Charter, which recently bought Time Warner Cable, and various cable-TV companies.I hope they do a lot because they are American and have had dealings in television in America for a long time, Ecclestone said of Liberty. They have dealings with a lot of sponsors because of their TV networks and social media which we havent done (as much) in the past.The sport returned to the U.S. in 2012 after a five-year absence, with Austin hosting the race under the current deals.I am very, very happy that they can come in and do things (for the sport), Ecclestone, the long-time F1 commercial chief, told The Associated Press. I have been trying to do things in America for years but not very successfully ... maybe they are the people that can get it done.Asked about challenging NASCARs supremacy in the U.S., Ecclestone said: They are the people that should be concerned, of course.At the time of the sale, CVC had a 35.5 percent stake in F1, followed by U.S. fund manager Waddell & Reed with slightly more than 20 percent. Ecclestone has 5.3 percent stake in F1 but his family Bambino Trust has a further 8.5 percent, rounding up his involvement up to about 14 percent.---Tali Arbel contributed from New York.---Rob Harris can be followed at www.twitter.com/RobHarris and www.facebook.com/RobHarrisReports Homer Bailey Jersey . Once again, DeLaet finished tied for second at a PGA Tour stop on the weekend, this time at the Waste Management Phoenix Open. The pride of Weyburn, Sask. Youth Reds Jerseys . -- Matt Kuchar and Harris English ran away with the Franklin Templeton Shootout, shooting a 14-under 58 on Sunday in the final-round scramble to break the tournament course record. http://www.redsjerseyscheap.com/?tag=anthony-desclafani-jersey . The No. 1-ranked Nadal tweaked his back warming up for the Australian Open final, which he lost almost four weeks ago in a major upset against Stanislas Wawrinka. His first stop after the layoff is the clay in Rio as he tests the back and tries to stay healthy for the French Open in three months. Michael Lorenzen Jersey . -- Matt Rupert scored once in regulation and again in the shootout as the London Knights extended their win streak to nine games by defeating the Owen Sound Attack 4-3 on Friday in Ontario Hockey League action. Tony Perez Jersey . Oaklands loss to Seattle clinched the ALs best record for the Red Sox with one day to spare in the regular season. "I think everybody was kind of watching," catcher David Ross said. "Demp (Ryan Dempster) came out before he went to the bullpen and was just yelling that they lost. Guyana Amazon Warriors 139 for 2 (Mohammed 43*, Lynn 38*) beat St Lucia Zouks 138 for 6 (Hussey 64, Emrit 2-25, Zampa 2-30) by eight wicketsScorecard and ball-by-ball details An unbroken 82-run stand for the third wicket between Jason Mohammed and Chris Lynn helped Guyana Amazon Warriors beat St Lucia Zouks by eight wickets at Providence in Guyana. A fifth win in six matches helped Warriors consolidate their top spot in the CPL 2016 standings.Zouks recovered from twin blows in the first over - Sohail Tanvir, the Pakistan pacer, had dismissed openers Johnson Charles and Shane Watson - to post 138 for 6 after being sent in to bat. The innings was steered by Michael Hussey, who top scored with a 50-ball 64. Three other batsmen got into double digits, with David Millers 23 being the second highest in the innings.Zouks were devoid of momentum, and were struggling at 44 for 3 at the halfway mark. It needed a 62-run stand in seven overs between Hussey and Miller to give the innings a lift. Amazon Warriors Adam Zampa, the Australia legspinner, picked up two wickets to become the highest wicket-taker in the competition aat this stage, with 12 scalps.ddddddddddddWarriors were lucky early in the chase as Martin Guptill was reprieved twice in the space of six deliveries. He contributed 19 in a 55-run opening stand with Dwayne Smith before being caught and bowled by Derone Davis, the left-arm spinner, in the seventh over. Six balls later, Smith was sent back for 32 by Shane Shillingford, the offspinner, to leave Warriors at 57 for 2.But the required rate of a run-a-ball by the halfway mark allowed Mohammed and Lynn to steer clear of any pressure. The pair hit six sixes between them as Amazon Warriors won at a canter, with 16 balls to spare.Pitches are slow and low here, but the one we played on today was a lot better, Mohammed said after the game. Having lost the last game, the boys were extra motivated to win here. We knew we had the skill-sets to chase this target down, and were happy with the way it worked out. Were a win away from qualifying for the playoffs, but its important to ride this momentum. Cheap Jerseys 2019 Wholesale Jerseys 2020 Jerseys NFL China China Jerseys Wholesale Cheap Jerseys Online Wholesale Jerseys From China Cheap Jerseys ' ' '



dasg234, 19.04.2018 13:55
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