Law Practice
Oct. 6, 2016
Formula One's new owner has deep anchors
U.S.-based Liberty Media is purchasing the Formula One enterprise, and expect it to use its assets to indoctrinate the U.S. market into a sport that has so dominated the rest of the world. By Jonathan Michaels
Jonathan A. Michaels
Managing Partner
MLG Attorneys at Law
Phone: (949) 581-6900
Email: jmichaels@defectattorney.com
Whittier Coll SOL; CA
Jonathan specializes in representing clients in the automotive industry.
At 5 feet 3 inches tall, 85-year-old Bernie Eccelstone has stood supreme over the Formula One enterprise for nearly half of a century, transforming the race series from a unique event for purists to the most popular sport in the world. Now his empire is being sold in an $8 billion deal between Liberty Media (buyer) and CVC Capital Partners (seller). The transaction is said to net Eccelstone a cool $1 billion, adding to his alr...
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