F1 top news

McLaren still interested in Formula 1 stake – Brown

McLaren still interested in Formula 1 stake - Brown

McLaren still interested in Formula 1 stake – Brown

Zak Brown has played down reports F1 teams might be reluctant to accept Liberty Media’s offer of shares in the sport.

It emerged in recent days that although the F1’s owner is offering up to 22 per cent of the commercial rights to the teams, it would not involve voting rights.

But McLaren’s new executive Zak Brown said the British team remains interested in buying into F1.

“We think it’s great that Liberty has offered the teams to invest,” he told Sports Business Daily Global.

“We are reviewing that now and it will ultimately be a decision for our shareholders.”

As for the fact the shares would not involve actual voting rights on important matters, Brown played that down.

“It’s an economic investment decision,” he said. “I think there are a lot of different ways that the governance of the sport can be run in the future, and I think investing and having a board seat is one way, but it’s not the only way.”

Facebook Comments
Loading...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV or any other subsidiary associated with the official Formula One governing organizations The website is an unofficial website, all names and logos used here are property of their respective owners, more specially FORMULA 1, FORMULA ONE, F1, GRAND PRIX and logos and the wide Curves logo are trademarks of Formula One Licensing BV, a Formula One Group Company. Use or depiction of images or trademarks throughout this website is for illustrative and editorial purposes only. Official Formula One information can be found at www.formula1.com

Copyright © 2015 Thisisf1.com

To Top