Liberty still seeking FIA green light

Only one hurdle remains as Formula 1's new owner Liberty Media looks to complete its buyout of the sport.

Only one hurdle remains as Formula 1's new owner Liberty Media looks to complete its buyout of the sport.

This week, Liberty's shareholders got together in Colorado to vote on the F1 acquisition, the company headed by US media tycoon John Malone confirmed in a statement.

It said that shareholders duly "approved" the purchase, including an official change of name to "Formula One Group".

Liberty said: "The closing of the acquisition remains conditioned upon approval from the FIA, the governing body of Formula 1."

The company said that approval is likely "before the end of the first quarter in 2017".

Little Fernando Alonso of McLaren laughs evilly in the drivers press conference during previews to the Spanish Formula One Grand Prix at Circuit de Catalunya on May 12, 2016
Read Next:
Alonso 'not afraid' of rookie Vandoorne
>