Teams Have A Week To Buy Shares In Formula One


http://ift.tt/eA8V8J
Formula One owner Liberty Media has a week to convince the ten race teams to buy up to $400 million of the stock which tracks the performance of the auto championship. They declined Liberty’s previous offer and if they don’t line up to buy by the end of this week the shares on offer will be retired.

Vía Forbes Real Time http://ift.tt/2u0SZFr