FIA launches application process for prospective F1 teams [Reuters]
Liberty Media Corporation - Series A Liberty SiriusXM (LSXMA)
Last liberty media corporation - series a liberty siriusxm earnings: 11/8 08:15 am
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Source: Reuters
Michael Andretti has already announced plans for an American bid with the support of General Motors brand Cadillac, but the commercial rights holder and most of the 10 existing teams have sounded lukewarm on expanding the grid. read more The teams are concerned about diluting their share of the revenues while Liberty Media-owned Formula One Management (FOM) has been increasingly at odds with Mohammed Ben Sulayem, president of the governing FIA. read more The FIA said it sought to identify one or more new teams interested in joining in 2025, 2026 or 2027. Those proceeding to a formal application process must pay a fee of $300,000 to cover due diligence checks carried out by the governing body. The deadline for submission of formal applications was expected to be April 30 with any decision by June 30. Criteria included a detailed business plan for the first five years and, for the first time, proof of sustainability and how the team intended to "achieve a positive societal im
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News
- The Liberty SiriusXM Group (NASDAQ: LSXMA) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating. They now have a $28.00 price target on the stock, down previously from $35.00.MarketBeat
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LSXMA
Sec Filings
- 4/17/24 - Form SC
- 4/12/24 - Form 4
- 4/12/24 - Form 4
- LSXMA's page on the SEC website