'Liberty Media sets up separate company to raise millions'

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09:38, 23 Jan 2021

Liberty Media hopes to add new activities to its portfolio, but for this it must first raise a share issue of around 500 million.

New company founded

Motorsport.com reported this on Saturday. A separate company has been created to raise money called Liberty Media Acquisition Corporation, or LMAC. The new company will be led by Greg Maffei, the CEO of Liberty Media.

Although it seems that this does not have much to do with Formula 1, things are different. LMAC will be legally linked to the Formula One Group and therefore the money raised might have a connection with Formula One activities.

Change of administration

Since 2017, the Formula One Group has been led by Chase Carey, Ross Brawn and Sean Bratches. From 2021, Stefano Domenicali will be the new CEO, taking over Carey's role.

Pos.	Driver	Team	Points
1	Kimi Antonelli Kimi Antonelli	MercedesMER	156
2	Lewis Hamilton Lewis Hamilton	FerrariFER	115
3	George Russell George Russell	MercedesMER	106
4	Charles Leclerc Charles Leclerc	FerrariFER	75
5	Lando Norris Lando Norris	McLarenMCL	73
6	Oscar Piastri Oscar Piastri	McLarenMCL	70
7	Max Verstappen Max Verstappen	Red Bull RacingRBR	55
8	Isack Hadjar Isack Hadjar	Red Bull RacingRBR	37
9	Pierre Gasly Pierre Gasly	AlpineALP	32
10	Liam Lawson Liam Lawson	Racing BullsRCB	28
11	Franco Colapinto Franco Colapinto	AlpineALP	19
12	Oliver Bearman Oliver Bearman	HaasHAA	18
13	Arvid Lindblad Arvid Lindblad	Racing BullsRCB	14
14	Carlos Sainz Carlos Sainz	WilliamsWIL	6
15	Alexander Albon Alexander Albon	WilliamsWIL	5
16	Esteban Ocon Esteban Ocon	HaasHAA	3
17	Gabriel Bortoleto Gabriel Bortoleto	AudiAUD	2
18	Fernando Alonso Fernando Alonso	Aston MartinAST	1
19	Nico Hulkenberg Nico Hulkenberg	AudiAUD	0
20	Valtteri Bottas Valtteri Bottas	CadillacCAD	0
21	Sergio Perez Sergio Perez	CadillacCAD	0
22	Lance Stroll Lance Stroll	Aston MartinAST	0

'Liberty Media sets up separate company to raise millions'

New company founded

Change of administration

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