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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.

MotoGP points leader Fabio Quartararo scores third win of season

MotoGP Fabio Quartararo
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Fabio Quartararo won the Catalan Grand Prix, recapturing the MotoGP points lead and his championship momentum Sunday with his third victory of the season.

Quartararo, who opened the season with his first two career victories in the premier series, took his first checkered flag in two months by winning at the Circuit de Barcelona-Catalunya aboard his Petronas Yamaha SRT.

The French rider opened an eight-point lead (108-100) over Joan Mir, who finished second Sunday. Alex Rins was third.

After winning the previous race, Maverick Vinales slipped to 18 points behind Quartararo after a ninth-place finish.

Andrea Dovizioso was the points leader entering the race but crashed his Ducati in the second turn and placed last. Dovizioso fell three spots to fourth in the championship rankings, 24 points behind Fabio Quartararo in MotoGP.