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Toto Wolff urges F1 teams to consider Liberty’s share offer

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Mercedes chief Toto Wolff has urged all 10 Formula 1 teams to give Liberty Media’s offer to buy shares in the sport serious consideration following its takeover.

Liberty completed its planned acquisition of F1 two weeks ago, with American executive Chase Carey taking over as the sport’s chief in the role of CEO.

As part of Liberty’s first steps following the completion of its takeover, $400 million worth of shares in F1 were set aside for teams to purchase should they show interest.

Early reports suggested that teams were uneasy about buying a stake in F1, but Wolff believes that the proposal must be given serious – albeit careful – consideration.

“This is an idea which one shouldn’t dismiss easily,” Wolff told Austrian magazine Trend.

“But in any case, one must know more about the business case and our role in the whole [F1 project]. Talks about this have only just begun and will probably last for the coming months.”

Teams have until June 23 to make a decision on buying a stake in F1. Any of the remaining shares not bought will be retired after this date.

Video highlights from Stage 12 of Dakar Rally, 2 stages remain

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Thursday’s Stage 12 of the 40th Dakar Rally not only closed the overall standings gap in at least two classes (cars and trucks), two other classes (bikes and quads) failed to get going due to weather conditions.

The full video highlights of Stage 12 will air on NBCSN on Friday at 7 pm ET, but here are some of the highlights from Thursday’s action:

CARS

2018 Dakar Rally: Nasser Al-Attiyah wins Stage 12 of cars

BIKES

 Stage 12 cancelled due to weather conditions

 

TRUCKS

Ton van Genugten edged out Martin Kolomy in Stage of, while Federico Villagra and Eduard Nikolaev both faced an uphill battle to finish fourth and third respectively.

QUADS

Even though the Quads were also impacted by weather issues on Thursday, Ignacio Casale, the 2014 Dakar winner, continues to make his case for a second overall victory in the quads.