2022년 05월 26일 목요일
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F1 owners Liberty Media to buy Las Vegas land for US$240 million

[서울=아시아뉴스통신] 레악카나기자 송고시간 2022-05-08 03:35

"I think Liberty's commitment to Formula One has been awesome," the American told reporters. "I think the fact that Liberty is putting skin in the game in certain parts of the business shows their commitment. A general view of Las Vegas, Nevada on Aug 26, 2018. (File photo by= Reuters/Mike Blake)

[Asia News = Reporter Reakkana] Formula One's commercial rights holders Liberty Media are buying a plot of land in Las Vegas for US$240 million to locate the pit and paddock complex for a grand Prix next year, they said on Friday (May 6), Reuters reported.

The floodlit race, to be held on a Saturday, will be the third US round on the calendar after Austin and Miami. Formula One and Liberty Media are self-promoting the race with their Live Nation entertainment company and local stakeholders. "Liberty Media did enter an agreement to acquire 39 acres east of the Strip to lock in circuit design and create capacity for the pit and paddock," Liberty CEO Greg Maffei told analysts on a first-quarter earnings call. "I expect that transaction will close in the second quarter and the purchase price was US$240 million. It will be funded by cash on hand at the Formula One Group level."

McLaren team boss Zak Brown, responding to the news at the inaugural Miami Grand Prix, said it was a positive step for the sport. The Las Vegas Grand Prix's 6.12km track will see drivers roar past landmarks such as the Bellagio Fountains and Caesars Palace for an event expected to attract 170,000 fans.



 

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