F1 owner Liberty Media CEO Maffei to step down after 20 years Sport Business The chief executive of Formula 1 owner Liberty Media Greg Maffei will leave the firm after 20 years, it was announced on Wednesday. Maffei, 64, will be replaced by chairman John Malone, 83, on an interim basis but Maffei will continue on as a senior advisor until a replacement is found. “I have thoroughly enjoyed [...]
Six Nations investors CVC Capital Partners have offices raided Sport Business CVC Capital Partners, whose sport investments include the Six Nations and Premiership Rugby, has reportedly had its offices raided alongside the French football league in Paris. Police searched the office of the private equity firm and the football body on Tuesday as part of a potential corruption investigation, according to reports. Prosecutors are said to [...]
Hargreaves Lansdown reveals vote date and lenders for takeover deal Investing The private equity consortium set to take over Hargreaves Lansdown has added a host of lenders to the group financing the £5.4bn takeover deal. This morning, buyout giant CVC, alongside Nordic Capital and Platinum Ivy, a subsidiary of the Abu Dhabi Investment Authority, said that it had added four new lenders to fund the cash [...]
Moto raises prices to battle inflation as motorway service station giant’s owners mull £2bn sale July 10, 2024 Motorway service station giant Moto upped its prices to help battle the rise in costs during its latest financial year as its owners weigh up putting the company up for sale for £2bn.
Who makes Formula One: Drive To Survive for Netflix? February 7, 2024 The ever-popular Netflix docuseries Formula One: Drive To Survive is set to return to our screens later this month.
Private Equity firms face “serious gamble” as clock ticks on North Sea fossil fuel investments January 25, 2024 The fate of North Sea fossil fuel exploration is sealed despite government efforts to push through new licenses