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F1 Singapore GP: Teams bosses welcome Liberty call to buy F1 shares

Christian Horner and Toto Wolff suggest there would be support for the idea of teams purchasing a shares in Formula 1 under Liberty Media.
Team bosses say they are option to the idea of purchasing shares in F1 as proposed by the sport's new owners Liberty Media.

The American media giant last week confirmed the purchase of a controlling stake in F1 in a deal worth £6.4bn and is now working on outlining a strategy for the coming years.

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One such proposal is for the teams to consider purchasing a stake in Formula 1 to give them a greater share of the sport's value, a move that Red Bull's Christian Horner and Mercedes' Toto Wolff has welcomed

"I think it's a sensible thing,” Horner said. “I think the teams are key stakeholders in F1, without the teams there is no F1. For the teams to take a minority shareholding would make sense, to be offered to all the teams on the same terms would make total sense.

"I think to keep it at minority shareholding for the teams would be the right thing, because anything beyond that, we're never going to agree upon. But obviously it does make sense for the teams to be a participant in the shareholding."

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"The idea sounds good," added Wolff. "If you are able to align the major stakeholders with a long-term vision, and you make the teams shareholders, there are many problems you could solve, but obviously it's a commercial and financial decision, and the devil lies in the detail."

Indeed, though there was some caution over the details that would make up such a deal, Renault's Cyril Abiteboul felt it was a logical move.

"I think it's a great opportunity. A lot of value has been derived for the existing shareholders from F1. I think it will be a great thing if F1 teams were able to capture some of that value given the risks that are taken by the different parties who finance the team. If it makes sense then I would say clearly, why not?

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