MX23RW : Thursday, October 17 16:02:00| >> :600:20805601:20805601:

'Everyone' saying F1 is for sale - Hembery

'Everyone' saying F1 is for sale - Hembery
© Reuters
Paul Hembery, the former F1 boss at Pirelli, says he has heard rumours that Liberty Media is trying to sell the sport's commercial rights.

Paul Hembery, the former F1 boss at Pirelli, says he has heard rumours that Liberty Media is trying to sell the sport's commercial rights.

Liberty, headed in F1 by Chase Carey and Ross Brawn, completed its $8 billion acquisition in 2017 but in recent months has come under fire for its management and achievements.

Hembery told The Sun that "everyone" is talking about rumours that Liberty - having discovered that F1 is "more complex" than expected - is now trying to sell.

"I guess it depends what the price is and who wants to be involved in it," he said.

"That may or may not be true and I am sure they would deny it if they were asked directly but it creates another level of uncertainty.

"It is a difficult sport to manage and you have to have strong leadership," he added.

Hembery said the next weeks and months will be crucial for Liberty amid its struggle to conclude new deals beyond 2020 and resolve a dispute with the F1 circuits.

"The bottom line is the product itself is not enough to make it compelling viewing for everybody," he said.

body check tags ::

Click here for more stories about Ross Brawn

Share this article now:
Instagram - Follow Sports Mole
Formula E boss Alejandro Agag pictured in September 2014
Read Next:
Formula E boss not ruling out F1 'merger'
>

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!