GPWizard F1 Forum

F1 News & Discussions => General F1 Discussion => Topic started by: John S on January 27, 2019, 10:09:17 PM

Title: Is Liberty having 2nd thoughts over F1 ownership?
Post by: John S on January 27, 2019, 10:09:17 PM
According to the sports/finance specialist website johnwallstreet.com Liberty may be ready to seriously dilute or even sell their entire holding in F1.
Have Chase Carey & Sean Bratches lost the confidence of the big money players? :DntKnw:   

https://johnwallstreet.com/
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: Calman on January 28, 2019, 02:39:24 AM
... could THIS be the prophecy (route of my concerns) when Liberty took control of F1???

As some of you may remember, it was refreshing to come over to GPW and not be BASHED for the slightest negative response to Liberty Media (Chase Carey and Co) taking over F1.   I've been concerned from day 1, simply due to all the hype, the way Liberty Media approached F1 and all the crap "making it a better and bigger show" ... "take F1 to new heights/bigger audiences" ... bla bla bla .... that's the stuff I simply can't take seriously from the current owners. 

F1 may have it's troubled and Bernie's activities certainly didn't help ... but in some ways, Liberty Media taking control felt a little like the final nail in the coffin.

I would welcome a new owner, so long as they respect the sport and have some bloody clue on which direction F1 needs to go from here on in.

Best Regards,
Cal :)
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: Scott on January 28, 2019, 08:55:54 AM
No no, not Bernie again  :swoon:
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: Scott on January 28, 2019, 11:10:04 AM
J13 seems to think it was planted by Ecclestone to destabilize Liberty while it is at a critical phase in talks with the FIA and the teams.  JohnWallSt could be a mouthpiece for Bernie.

https://thejudge13.com/2019/01/28/f1-for-sale-bernie-plays-trick-on-liberty/
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: Jericoke on January 28, 2019, 04:05:36 PM
J13 seems to think it was planted by Ecclestone to destabilize Liberty while it is at a critical phase in talks with the FIA and the teams.  JohnWallSt could be a mouthpiece for Bernie.

https://thejudge13.com/2019/01/28/f1-for-sale-bernie-plays-trick-on-liberty/

Until Mr. Eccelstone is long gone, and there is definitive proof he didn't clone himself or setup some sort of computerized duplicate, I will assume that he always has a thumb on the business side of F1.

His greatest joy in life was treating F1 like a plaything.  The series of investors who he tricked into buying F1 so he could get his cut is staggering, and I'd be more surprised if he DIDN'T plan/arrange for Liberty to get tired and move on this quickly.

I know that he's not the most well loved figure in F1, but he's more responsible for F1 becoming what it is today (for good and bad) than anyone else.  There was no guarantee F1 would survive the 1970s much less grow to the point where it can be bought and sold for billions of dollars.
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: Calman on January 28, 2019, 10:03:21 PM
I know that he's not the most well loved figure in F1, but he's more responsible for F1 becoming what it is today (for good and bad) than anyone else.  There was no guarantee F1 would survive the 1970s much less grow to the point where it can be bought and sold for billions of dollars.

That's about the size of it Jericoke!!

Nobody can view Bernie as a cuddly old man, but you can't take away the fact that he knew F1.  Liberty are simply a business and F1 is a money making project, without any sincere attachment to the sport.   Let's face it, with exception to Brawn (the 3rd musketeer), all that Liberty brought to the sport - is - a curly mustache and scary eye brows .... oh yes!!! ... and THAT 3M product lookalike logo.

Best Regards,
Cal :)
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: Calman on January 28, 2019, 10:48:31 PM
Update ... Felling the Heat yet Liberty Media??

https://www.dailymail.co.uk/sport/formulaone/article-6641777/Silverstone-lead-Formula-One-revolt-owners-Liberty-Media-face-rebellion-race-promoters.html

Best Regards,
Cal :)
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: John S on January 29, 2019, 12:21:02 AM
Oh-er! Looks like Carey & Bratches have got their hands full alright.  :D
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: Calman on January 29, 2019, 07:05:19 AM
Oh-er! Looks like Carey & Bratches have got their hands full alright.  :D

You can say that again John!!!!!

Reading articles around the web, there are two BIG ISSUES which are bringing the heat to Liberty Media's front door. I hate to say it, but it was a matter of time.  I couldn't point the finger at one particular concern two years ago, but I knew something would go wrong ... and maybe this is sooner than even I thought!?!?   

So, let's see how Liberty Media sugar-coat this and attempt to smooth the ruffles feathers of F1 people and F1 fans.

Best Regards,
Cal :)
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: Ian on January 29, 2019, 01:05:48 PM
Liberty Media are part of Liberty Global which bought Virgin Media for around $23 billion, it's one vast organisation.
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: Jericoke on January 29, 2019, 03:02:05 PM
Liberty Media are part of Liberty Global which bought Virgin Media for around $23 billion, it's one vast organisation.

It is, and you don't get that big throwing good money after bad.  If F1 is too big a pill to swallow, they'll sell it at a loss just to get rid of it.

I wonder who would be interested in buying F1 at a discount...
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: Calman on January 29, 2019, 07:41:08 PM
... so we couldn't interest Richard Branson then? ... how about Rowan Atkinson??  :D :DD :crazy:

Best Regards,
Cal :)
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: cosworth151 on January 29, 2019, 08:33:55 PM
Did they really offer Miami a freebie?  :o  No wonder the others are up in arms. That is just flat out stupid.
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: Calman on January 30, 2019, 08:01:32 PM
Yes, I think so Cos!

So, apparently, Bernie is offering to help Liberty through these turbulent times - I WOULDN'T!!!  :confused:

I think they would smugly refuse and play with him like a toy on the back seat of the car (nice metaphor eh?).

https://www.gpblog.com/en/news/30105/ecclestone-i-am-willing-to-help-.html

Best Regards,
Cal :)
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: Calman on February 06, 2019, 09:29:51 PM
This may be news to some, but NOT to me.

I've had concerns from the very start of their reign and as the article outlines, Chase Carey is good at "gloss talk" ... but it's evident very quickly, that their is no substance or knowledge surrounding F1, the very sport in which he is attempting to "take to new heights" bla bla bla.

Oh Yes ... and Mr Horner has a strong opinion on this now too.  Others will likely "speak up" ... now that there is some momentum building on this story.

https://thejudge13.com/2019/02/06/watch-damning-evidence-that-liberty-media-do-not-know-what-theyre-doing-with-f1/

Best Regards,
Cal :)
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: Luke on February 06, 2019, 09:46:35 PM
Has Chase Carey tried to shut down your F1 dream team game  >:D  :P
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: Calman on February 09, 2019, 01:34:48 AM
More sugar for Liberty Media's Cornflakes ...

https://www.pitpass.com/63860/President-of-the-Russian-Federation-of-Auto-Sport-and-Tourism-hits-out-at-Liberty

Best Regards,
Cal :)
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: cosworth151 on February 09, 2019, 09:02:25 PM
If the folks responsible for Sochi are for him then I know that he needs to be gone!
Title: Re: Is Liberty having 2nd thoughts over F1 ownership?
Post by: John S on February 10, 2019, 02:15:54 PM
Now the President of Russia’s motor racing federation has weighed in, he thinks Liberty has big troubles -not least that F1 value has fallen.

Quotes attributed him are quite telling I think:-

"The current management wanted to start improving formula one but it turned out to be a lot more difficult.
They have neither the experience nor the ability to finely control the process, as Bernie Ecclestone did. And all the uncertainties that arise in such a situation generate the rumours," he said.
All the loud statements from Liberty Media are slowly stopping and now we hear almost nothing from them."

https://motorsport.nextgen-auto.com/en/formula-1/liberty-will-struggle-to-sell-f1-yermilin,134411.html