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Financial Times: US TV tycoon John Malone gets his hands on Formula 1

According to reports from the Financial Times, the US communication guru John Malone, president of Libery Global and Liberty Media and lord of the stars and stripes cable TV, wants to take a slice of Formula One.

Financial Times: US TV tycoon John Malone gets his hands on Formula 1

According to what the Financial Times, the US communication guru John Malone, president of Libery Global and Liberty Media and lord of the stars and stripes cable TV, wants to take a slice of Formula One.  

Rupert Murdoch's rival is therefore also challenging him on the field of four wheels, given that years ago the Australian tycoon had attempted a climb to F1, moreover with the support of Exor degli Agnelli. Malone is instead turning to CVC Capital Partners, a fund that currently holds 35% of the circuit. According to the city newspaper, if things go well, there would be a radical change in the relationship between the media companies and the holders of motoring television rights: the advantages over competitors such as BT or NewsCorp, who face each other at barrel of billions to secure live sports rights. 

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