FIA approves Liberty Media purchase of F1

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A day after Liberty Media Corporation’s shareholders approved the proposals for its impending acquisition of Formula 1, the FIA has now done the same.

The decision was taken at today’s World Motor Sport Council meeting in Geneva and was approved unanimously. Liberty said on Tuesday night it hoped to have the full transaction completed by the end of the 2017 first quarter.

The statement from the FIA reads:

“The World Motor Sport Council has unanimously approved the change of control of Delta Topco Limited (the holding company of the Formula One Group and thus the owner of the Commercial Rights of the FIA Formula One World Championship) from CVC Capital Partners in favour of Liberty Media Corporation at an extraordinary meeting today in Geneva.

“The transaction will see the transfer of 100% of the shares in Delta Topco to Liberty Media Group, one of the tracking stocks of Liberty Media Corporation.

“During the meeting, the representatives of the prospective new owner made a detailed presentation of their strategy. The members of the World Motor Sport Council then had the opportunity to ask questions about the specifics of the agreement, the ongoing working relationship with the FIA and Liberty’s plans for the sport.

“Liberty, Formula One Group and the FIA intend to collaborate to create a constructive relationship that will ensure the continued success and the development of the FIA Formula One World Championship in the long term.

“The World Motor Sport Council’s decision confirms the FIA’s belief that Liberty, as a renowned media organisation with expertise in both sport and entertainment, is clearly well positioned to ensure the continued development of its pinnacle Championship.

“The FIA holds a one per cent shareholding in Delta Topco. As part of the sale by CVC to Liberty Media Corporation, and in line with the agreements between the FIA and the Formula One Group, the FIA will be dragged along in the sale process under the same conditions as CVC and all the other shareholders.

“The FIA looks forward to working with the new owners of the Formula One Group on further developing the unrivalled global spectacle that is the FIA Formula One World Championship for all stakeholders.”

Liberty has also added in its own statement:

“Liberty Media Corporation announced today that it has received the requisite consents and approvals from the Fédération Internationale de l’Automobile (“FIA”), the governing body of Formula 1, in connection with its pending acquisition of Formula 1, and that the closing conditions related to the FIA have now been satisfied. The acquisition is expected to close this month.”

IndyCar releases schedule for 2023 season

IndyCar schedule 2023
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The NTT IndyCar Series’ 2023 schedule will feature the same number of races and tracks as this season with some minor reshuffling of dates.

IndyCar will open the 2023 season March 5 on the streets of St. Petersburg, Florida, and will conclude Sept. 10 at WeatherTech Raceway Laguna Seca in Monterey, California. The 107th Indy 500 will take place May 28 at Indianapolis Motor Speedway.

The 17-race schedule will conclude with a stretch of eight races in the final nine weeks.

“The NTT IndyCar Series is on an impactful upward trajectory, making progress at a pace that befits our thrilling style of competition,” Penske Entertainment Corp. president and CEO Mark Miles said in a release. “The 2023 season provides an opportunity to further build on this trend, bringing our sport and its stars to more markets and households and reaching new consumers across the globe.”

There will be 15 events on NBC: 13 races (including six of the final seven) plus Indy 500 qualifying May 20-21. There also are three races on USA Network and the Toronto race exclusively on Peacock. All races on NBC and USA also will have live simulstreams on Peacock.

In partnership with NBC Sports, the 2022 IndyCar season was the most-watched in six years and the most-watched across NBC Sports on record. The 2022 season also was the most streamed season on record.

“We’re very excited for our 2023 NTT IndyCar Series schedule and to build on this past season’s viewership milestones,” NBC Sports vice president of programming Mike Perman said in a release. “In providing comprehensive coverage across NBC, Peacock and USA Network, NBC Sports is once again looking forward to telling the stories of these world-class drivers and this compelling series.”

Notable elements on the 2023 schedule:

–There will be the same balance of seven road course races, five street courses and five ovals.

–St. Pete will be the season opener for the 13th time.

–The Chevrolet Detroit Grand Prix will move from Belle Isle to the streets of downtown.

–The NASCAR doubleheader weekend at the IMS road course will shift to mid-August.

–The World Wide Technology Raceway event will move from Saturday to Sunday.

Start times for the 2023 events will be announced at a later date.

Here’s the 2023 IndyCar schedule:


Date Race/Track Network/Platform
Sun., March 5 Streets of St. Petersburg NBC, Peacock
Sun., April 2 Texas Motor Speedway NBC, Peacock
Sun., April 16 Streets of Long Beach NBC, Peacock
Sun., April 30 Barber Motorsports Park NBC, Peacock
Sat., May 13 Indianapolis Motor Speedway (Road Course) NBC, Peacock
Sun., May 28 The 107th Indianapolis 500 NBC, Peacock
Sun., June 4 Streets of Detroit NBC, Peacock
Sun., June 18 Road America USA Network, Peacock
Sun., July 2 Mid-Ohio Sports Car Course USA Network, Peacock
Sun., July 16 Streets of Toronto Peacock
Sat., July 22 Iowa Speedway – Race 1 NBC, Peacock
Sun., July 23 Iowa Speedway – Race 2 NBC, Peacock
Sun., Aug. 6 Streets of Nashville NBC, Peacock
Sat., Aug. 12 Indianapolis Motor Speedway (Road Course) USA Network, Peacock
Sun., Aug. 27 World Wide Technology Raceway NBC, Peacock
Sun., Sept. 3 Portland International Raceway NBC, Peacock
Sun., Sept. 10 WeatherTech Raceway Laguna Seca NBC, Peacock

*dates and networks/platforms are subject to change