[DeTomaso] NPS: also today

Larry - Ohio Time Larry at OhioTimeCorp.com
Thu Sep 8 17:07:18 EDT 2016 

Ya, I'm allowed to be slow too. :-)
 
But it was on the sale of Formula One sale post so my mine already shifted
into another gear.
 
Larry (stripped gears) - Cleveland
 
 
  _____  

From: James coyne [mailto:tecnosound at hotmail.com] 
Sent: Thursday, September 08, 2016 4:28 PM
To: Larry - Ohio Time; audionut at hushmail.com;
detomaso at server.detomasolist.com
Subject: Re: [DeTomaso] NPS: also today
 
( I think that was a Star Trek joke Larry )
 
  _____  

From: DeTomaso <detomaso-bounces at server.detomasolist.com> on behalf of Larry
- Ohio Time <Larry at OhioTimeCorp.com>
Sent: Thursday, September 8, 2016 12:31 PM
To: audionut at hushmail.com; detomaso at server.detomasolist.com
Subject: Re: [DeTomaso] NPS: also today 
 
Block me!




-----Original Message-----
From: DeTomaso [mailto:detomaso-bounces at server.detomasolist.com] On Behalf
Of audionut at hushmail.com
Sent: Thursday, September 08, 2016 3:18 PM
To: detomaso at server.detomasolist.com
Subject: Re: [DeTomaso] NPS: also today

Dammit Larry!  This is a Pantera Forum, not a trivia dumping ground!
 Sent using Hushmail
On September 8, 2016 at 12:15 PM, "Larry - Ohio Time"  wrote:In a
blockbuster deal, Liberty Media Corporation and CVC Capital Partners
(CVC) announced that Liberty Media has agreed to acquire Formula One
from a
consortium of sellers led by CVC.
Liberty Media, a U.S. corporation, owns interests in quite a range of
media,
communications and entertainment businesses, including SiriusXM, the
Atlanta
Braves baseball team.
The transaction price represents an enterprise value for Formula One
of $8.0
billion and an equity value of $4.4 billion.
According to the press release, Liberty will rename the company the
Formula
One Group after the sale is completed. The consortium of sellers led
by CVC
will own approximately 65% of the Formula One Group's equity and will
have
board representation at Formula One to support Liberty Media in
continuing
to develop the full potential of the sport. In addition, a CVC
representative will be joining the Liberty Media Board of Directors.
Chase Carey has been appointed as the new Chairman of Formula One,
succeeding Peter Brabeck-Letmathe, who will remain on Formula One's
board as
a non-executive director. Bernie Ecclestone will remain Formula One's
CEO.
Greg Maffei, president and CEO of Liberty Media, said:
"We are excited to become part of Formula One. We think our long-term
perspective and expertise with media and sports assets will allow us
to be
good stewards of Formula One and benefit fans, teams and our
shareholders.
We look forward to working closely with Chase Carey and Bernie
Ecclestone to
support the next phase of growth for this hugely popular global
sport."
Chase Carey, chairman of Formula One, said:
"I am thrilled to take up the role of Chairman of Formula One and have
the
opportunity to work alongsideBernie Ecclestone, CVC, and the Liberty
Media
team. I greatly admire Formula One as a unique global sports
entertainment
franchise attracting hundreds of millions of fans each season from all
around the world. I see great opportunity to help Formula One continue
to
develop and prosper for the benefit of the sport, fans, teams and
investors
alike."
Bernie Ecclestone, CEO of Formula One, said:
"I would like to welcome Liberty Media and Chase Carey to Formula One
and I
look forward to working with them."
Donald Mackenzie, co-chairman of CVC, commented:
"We are delighted Chase Carey is joining Formula One as its new
Chairman and
that he will be working alongside Bernie Ecclestone. Chase's
experience and
knowledge of sport, media and entertainment is as good as it gets and
we are
very pleased to secure his services. Bernie has been a wonderful CEO
for us
over the last 10 years. There have been many successes and the
occasional
challenge but there has never been a dull moment and we have had a lot
of
fun. The combined skills of Chase and Bernie mean that the successes
should
continue and we wish them well. We would like to thank Peter
Brabeck-Letmathe for his outstanding contribution during his tenure as
Chairman. His leadership has served the company well, and we are
pleased
that he will remain on the board as a non-executive director."
Race teams competing in the series will be given the opportunity to
participate in the investment in Formula One, according the press
release,
but details are not yet worked out. Certain teams have already
expressed an
interest in investing after completion of the acquisition.
The impact of what Liberty and new Chairman Chase Carey can impose in
the
near term will probably be very little. After the sale is completed in
2017,
however, we expect to see much bigger changes in the way the series is
covered in by new media, where it has often lagged behind other major
sports. Teams should have more control of their destiny as well, which
will
create stability for the teams and sponsors. Other than keeping
85-year old
Ecclestone as CEO, it seems like a step forward for Formula 1 and its
fans.
But time will tell.
Larry (lets hope they don't blow it) - Cleveland

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-------------- next part --------------
   Ya, I'm allowed to be slow too. J


   But it was on the sale of Formula One sale post so my mine already
   shifted into another gear.


   Larry (stripped gears) - Cleveland


   _______________________________________________________________________

   From: James coyne [mailto:tecnosound at hotmail.com]
   Sent: Thursday, September 08, 2016 4:28 PM
   To: Larry - Ohio Time; audionut at hushmail.com;
   detomaso at server.detomasolist.com
   Subject: Re: [DeTomaso] NPS: also today


   ( I think that was a Star Trek joke Larry )

    _____________________________________________________________________

   From: DeTomaso <detomaso-bounces at server.detomasolist.com> on behalf of
   Larry - Ohio Time <Larry at OhioTimeCorp.com>
   Sent: Thursday, September 8, 2016 12:31 PM
   To: audionut at hushmail.com; detomaso at server.detomasolist.com
   Subject: Re: [DeTomaso] NPS: also today


   Block me!
   -----Original Message-----
   From: DeTomaso [[1]mailto:detomaso-bounces at server.detomasolist.com] On
   Behalf
   Of audionut at hushmail.com
   Sent: Thursday, September 08, 2016 3:18 PM
   To: detomaso at server.detomasolist.com
   Subject: Re: [DeTomaso] NPS: also today
   Dammit Larry!  This is a Pantera Forum, not a trivia dumping ground!
    Sent using Hushmail
   On September 8, 2016 at 12:15 PM, "Larry - Ohio Time"  wrote:In a
   blockbuster deal, Liberty Media Corporation and CVC Capital Partners
   (CVC) announced that Liberty Media has agreed to acquire Formula One
   from a
   consortium of sellers led by CVC.
   Liberty Media, a U.S. corporation, owns interests in quite a range of
   media,
   communications and entertainment businesses, including SiriusXM, the
   Atlanta
   Braves baseball team.
   The transaction price represents an enterprise value for Formula One
   of $8.0
   billion and an equity value of $4.4 billion.
   According to the press release, Liberty will rename the company the
   Formula
   One Group after the sale is completed. The consortium of sellers led
   by CVC
   will own approximately 65% of the Formula One Group's equity and will
   have
   board representation at Formula One to support Liberty Media in
   continuing
   to develop the full potential of the sport. In addition, a CVC
   representative will be joining the Liberty Media Board of Directors.
   Chase Carey has been appointed as the new Chairman of Formula One,
   succeeding Peter Brabeck-Letmathe, who will remain on Formula One's
   board as
   a non-executive director. Bernie Ecclestone will remain Formula One's
   CEO.
   Greg Maffei, president and CEO of Liberty Media, said:
   "We are excited to become part of Formula One. We think our long-term
   perspective and expertise with media and sports assets will allow us
   to be
   good stewards of Formula One and benefit fans, teams and our
   shareholders.
   We look forward to working closely with Chase Carey and Bernie
   Ecclestone to
   support the next phase of growth for this hugely popular global
   sport."
   Chase Carey, chairman of Formula One, said:
   "I am thrilled to take up the role of Chairman of Formula One and have
   the
   opportunity to work alongsideBernie Ecclestone, CVC, and the Liberty
   Media
   team. I greatly admire Formula One as a unique global sports
   entertainment
   franchise attracting hundreds of millions of fans each season from all
   around the world. I see great opportunity to help Formula One continue
   to
   develop and prosper for the benefit of the sport, fans, teams and
   investors
   alike."
   Bernie Ecclestone, CEO of Formula One, said:
   "I would like to welcome Liberty Media and Chase Carey to Formula One
   and I
   look forward to working with them."
   Donald Mackenzie, co-chairman of CVC, commented:
   "We are delighted Chase Carey is joining Formula One as its new
   Chairman and
   that he will be working alongside Bernie Ecclestone. Chase's
   experience and
   knowledge of sport, media and entertainment is as good as it gets and
   we are
   very pleased to secure his services. Bernie has been a wonderful CEO
   for us
   over the last 10 years. There have been many successes and the
   occasional
   challenge but there has never been a dull moment and we have had a lot
   of
   fun. The combined skills of Chase and Bernie mean that the successes
   should
   continue and we wish them well. We would like to thank Peter
   Brabeck-Letmathe for his outstanding contribution during his tenure as
   Chairman. His leadership has served the company well, and we are
   pleased
   that he will remain on the board as a non-executive director."
   Race teams competing in the series will be given the opportunity to
   participate in the investment in Formula One, according the press
   release,
   but details are not yet worked out. Certain teams have already
   expressed an
   interest in investing after completion of the acquisition.
   The impact of what Liberty and new Chairman Chase Carey can impose in
   the
   near term will probably be very little. After the sale is completed in
   2017,
   however, we expect to see much bigger changes in the way the series is
   covered in by new media, where it has often lagged behind other major
   sports. Teams should have more control of their destiny as well, which
   will
   create stability for the teams and sponsors. Other than keeping
   85-year old
   Ecclestone as CEO, it seems like a step forward for Formula 1 and its
   fans.
   But time will tell.
   Larry (lets hope they don't blow it) - Cleveland
   _______________________________________________
   Detomaso Email List is not managed by POCA
   Posted emails must not exceed 1.5 Megabytes
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   list. They also grant the list owner permission to maintain an archive
   or approve the archiving of list messages.

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