FORMULA E SECURES MINORITY INVESTMENTS FROM LIBERTY GLOBAL AND DISCOVERY COMMUNICATIONS
FIA Formula E | 9.3.15 | Aktuálně formule E
FIA Formula E
LONDON, UK (March 9 2015) - Formula E Holdings Ltd ("the
company") is proud to announce that Liberty Global plc, and Discovery
Communications Inc. are to become part of the group of shareholders in the
company.
The arrival of these two
global media companies represents an important step in the long-term
development of the series and confirms its potential on the motorsport scene.
Their strategic vision and strong financial backing will provide stability as
well as creating a solid base from which the company can expand in the future.
"It is a significant step forward for Formula E to receive
the backing of two major global media companies when we are barely halfway
through our first season," commented the CEO of the company, Alejandro
Agag. "The experience and knowhow they bring will provide a significant
boost to Formula E. We look forward to creating new opportunities together to
develop and promote premium content for a global audience."
Niall Curran, President of Liberty Global's media investments
group, said, "Like Formula E, our business is closely connected to
sustainability, speed and entertainment, so this is a great match. We are
delighted to be supporting Alejandro and his team in building this new global
sports media property, while building our portfolio of strategic content
investments."
"We are very pleased to join Formula E's ownership group.
With unmatched global distribution, our Velocity, Turbo and Eurosport brands,
and 30 years of experience as a global media company, Discovery's unique
expertise will help develop this new and unique motorsport," said Bruce
Campbell, Discovery Communications Chief Development & Digital Officer and
General Counsel.
For more information visit www.fiaformulae.com.
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