Formula One Group

Liberty Media Announces Agreement to Acquire Commercial Rightsholder of MotoGP™

Retrieved on: 
Monday, April 1, 2024
Entertainment, Sports, Other Entertainment, General Entertainment, Other Sports, Motor Sports, General Sports, Failure, CPP Investment Board, Dorna Sports, Goldman Sachs, Webcast, Internet, Acquisition, Form 10-K, Liberty Media, Grand Prix motorcycle racing, Risk, Formula One Group, Latham & Watkins, Cryptocurrency

Liberty Media Corporation (“Liberty Media”) (Nasdaq: FWONA, FWONK) announced today that it has entered into an agreement to acquire Dorna Sports, S.L.

Key Points: 
  • Liberty Media Corporation (“Liberty Media”) (Nasdaq: FWONA, FWONK) announced today that it has entered into an agreement to acquire Dorna Sports, S.L.
  • (“Dorna”), the exclusive commercial rights holder to the MotoGP™ World Championship, from Bridgepoint and Canada Pension Plan Investment Board (“CPP Investments”).
  • Liberty Media retains an option at its sole discretion to deliver additional cash in lieu of FWONK common stock.
  • Presentation materials to be used during the investor call will be posted to the Liberty Media website in advance.

This May, The Formula 1® Exhibition Makes North American Debut in Toronto

Retrieved on: 
Wednesday, March 20, 2024
TSN, FIA, Culture, Growth, Canadian Grand Prix, Partnership, Television, History, EDT, Sale, Experience, Bell Media, Liberty Media, Formula One, Senior, Formula, Driver, Formula One Group, Exhibition, Heart, Artifact, Lighthouse, Grand Prix

The all-new F1® Exhibition opens May 3, 2024 and will run until early summer at the Lighthouse ArtSpace Toronto, one of the city's leading exhibition locations.

Key Points: 
  • The all-new F1® Exhibition opens May 3, 2024 and will run until early summer at the Lighthouse ArtSpace Toronto, one of the city's leading exhibition locations.
  • Jonathan Linden, Producer of The Formula 1® Exhibition, said: "We are thrilled to confirm that Toronto will host the North American debut of the Formula 1® Exhibition.
  • Formula One World Championship Limited is part of Formula 1® and holds the exclusive commercial rights to the FIA Formula One World Championship™.
  • The F1 logo, F1 FORMULA 1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX, PADDOCK CLUB and related marks are trademarks of Formula One Licensing BV, a Formula 1 company.

Liberty Media Corporation Completes Acquisition of Quint

Retrieved on: 
Wednesday, January 3, 2024
Marketing, Entertainment, Communications, Sports, General Entertainment, General Sports, Media, Liberty Media, Hand, Acquisition, Liberty, Sport, Growth, Formula One Group, Formula One, Quint, Tourism

Liberty Media Corporation (“Liberty Media”) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) announced today that it has completed the acquisition of QuintEvents, LLC (“Quint”), an industry-leading provider of premium experiences at the world's most prominent sports and entertainment events.

Key Points: 
  • Liberty Media Corporation (“Liberty Media”) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) announced today that it has completed the acquisition of QuintEvents, LLC (“Quint”), an industry-leading provider of premium experiences at the world's most prominent sports and entertainment events.
  • Quint is attributed to Liberty Media’s Formula One Group tracking stock.
  • “Quint is a great addition to Liberty Media, extending our reach in premium experiences and capitalizing on continued growth in the global experiential economy,” said Greg Maffei, Liberty Media President and CEO.
  • We are just getting started.”
    The transaction values Quint at $313 million and was funded with Formula One Group cash on hand.

EQS-News: Preliminary figures for financial year 2022/23 // Guidance achieved // Ranked 1st for SAP conversions // Ranked 1st in SAP cloud business // Guidance for 2023/24 with focus on raising profitability

Retrieved on: 
Thursday, December 14, 2023
Formula One Group, SAP S/4HANA, Acquisition, SE, CORE, LOB, EUR, SAP, All, Growth, EBIT, Bank statement, Software, ERP, Lithium, Pharmaceutical industry, Fine chemical, Cryptocurrency, Filderstadt, DACH

Based on the preliminary figures, All for One Group generated a significant increase in sales in financial year 2022/23 of 8% to EUR 488.0 million (2021/22: EUR 452.7 million).

Key Points: 
  • Based on the preliminary figures, All for One Group generated a significant increase in sales in financial year 2022/23 of 8% to EUR 488.0 million (2021/22: EUR 452.7 million).
  • Sales generated from the CONVERSION/4 model posted a gratifying increase of 54% to EUR 18.6 million (2021/22: EUR 12.1 million).
  • Co-CEO Michael Zitz: »In financial year 2022/23, All for One witnessed a further increase in demand for SAP S/4HANA migration projects.
  • They could result in lower demand and increased defaults and insolvencies among the customer base, and thus jeopardise our guidance.

The ONE Group Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023
Retail, Restaurant, Bar, Adjustment, Formula One Group, Kona Grill, Food, EBITDA, Share repurchase, GAAP, Environment, Growth, City, STK, COVID-19, F&B, Marketing, Depreciation, Investment, Hargeisa Group Hospital, Satellite navigation device, Video game, Bookkeeping, Tourism, Fast food

The ONE Group Hospitality, Inc. (“The ONE Group” or the “Company”) (Nasdaq: STKS) today reported its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • The ONE Group Hospitality, Inc. (“The ONE Group” or the “Company”) (Nasdaq: STKS) today reported its financial results for the third quarter ended September 30, 2023.
  • Hilario continued, “We finished the quarter with over $22.0 million in cash, and we are entering our peak sales quarter for the year.
  • Pre-opening expenses were $3.1 million in the third quarter of 2023 compared to $2.7 million in the third quarter of 2022.
  • During the quarter ended September 30, 2023, the Company purchased 0.5 million shares for aggregate consideration of $3.5 million.

The ONE Group Hospitality Inc. Opens STK Charlotte

Retrieved on: 
Monday, October 16, 2023
Retail, Restaurant, Bar, Food, Beverage, Formula One Group, Disc jockey, Lunch, Queen, Operation, Tar Heel, Lil, STK, Nightclub

The ONE Group Hospitality, Inc. (Nasdaq: STKS) today announced the opening of its newest STK Steakhouse in the bustling and lively Center City region of Charlotte.

Key Points: 
  • The ONE Group Hospitality, Inc. (Nasdaq: STKS) today announced the opening of its newest STK Steakhouse in the bustling and lively Center City region of Charlotte.
  • The opening of STK Charlotte – a company-owned location – is the first STK restaurant in the state of North Carolina, marking the next step in The ONE Group Hospitality’s strategic expansion initiatives and long-term nationwide growth strategy.
  • “STK serves as a springboard for every guest that walks through our doors to an unforgettable experience for every occasion.
  • Hours of operation for STK Charlotte are as follows:
    Hours of Operation | Monday-Thursday 11:00am-12:00am, Friday 11:00am-1:00am, Saturday 10:00am-1:00am, Sunday 10:00am-11:00pm
    Happy Hour | Monday-Friday 3:00pm-6:30pm, Saturday & Sunday 3:00pm-5:30pm, Sunday-Thursday 10:00pm-Close

Liberty Media Corporation Announces Repricing of Formula 1 First Lien Term Loan B

Retrieved on: 
Wednesday, October 4, 2023
Motor Sports, Professional Services, Sports, Finance, Liberty Media, Term loan, Formula One, Armada Media Corporation, Formula One Group, Security (finance)

Liberty Media Corporation (“Liberty”) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) announced today the closing of the repricing of the $1,700 million first lien Term Loan B of a subsidiary of Delta Topco Limited, the Liberty subsidiary which holds all of its interests in Formula 1, the iconic global motorsports business.

Key Points: 
  • Liberty Media Corporation (“Liberty”) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) announced today the closing of the repricing of the $1,700 million first lien Term Loan B of a subsidiary of Delta Topco Limited, the Liberty subsidiary which holds all of its interests in Formula 1, the iconic global motorsports business.
  • The margin for the Term Loan B has been reduced from 3.00% to 2.25%.
  • The maturity for the Term Loan B remains unchanged at January 15, 2030 and the reference rate remains Term SOFR.
  • The Term Loan B remains non-recourse to Liberty.

Honda to Participate in FIA Formula One World Championship from 2026 Season as Power Unit Supplier for Aston Martin Aramco Cognizant Formula One Team

Retrieved on: 
Wednesday, May 24, 2023
Aston, Mexican Grand Prix, Partnership, Formula One Group, FIA, Marketing, HRC, Scuderia AlphaTauri, Season, FOA, Research, Carbon, Attitude, ERS, Saudi Aramco, Aston Martin in Formula One, 1965 Mexican Grand Prix, FOM, Dream, Honda Racing Corporation, Formula One, McLaren, Environment, Automotive industry, Electric motor, F1

TOKYO, May 24, 2023 - (JCN Newswire) - Honda Motor Co., Ltd. today announced plans to participate in the FIA(1) Formula One World Championship (F1) from the 2026 season as a power unit supplier.

Key Points: 
  • TOKYO, May 24, 2023 - (JCN Newswire) - Honda Motor Co., Ltd. today announced plans to participate in the FIA(1) Formula One World Championship (F1) from the 2026 season as a power unit supplier.
  • Honda has agreed to enter into a works partnership with the Aston Martin Aramco Cognizant Formula One Team to supply power units compliant with the new F1 power unit regulations which will take effect in the 2026 season.
  • These changes in F1 power unit regulations are consistent with the direction Honda has been taking toward the realization of carbon neutrality.
  • "I would like to welcome Honda and HRC to the Aston Martin Aramco Cognizant Formula One Team.

The ONE Group Reports Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 3, 2023
Luxury, Wine & Spirits, Restaurant, Bar, Food, Beverage, Other Travel, Lodging, Retail, Destinations, Travel, San Francisco, Formula One Group, Share repurchase, OH, COVID-19, Hargeisa Group Hospital, G&A, GAAP, The, EBITDA, Investment, Net income, Depreciation, Growth, Adjustment, STK, Cryptocurrency, Video game, Reinsurance, Tourism, Bookkeeping, Kona Grill, Phoenix

The ONE Group Hospitality, Inc. (“The ONE Group” or the “Company”) (Nasdaq: STKS) today reported its financial results for the second quarter ended June 30, 2023.

Key Points: 
  • The ONE Group Hospitality, Inc. (“The ONE Group” or the “Company”) (Nasdaq: STKS) today reported its financial results for the second quarter ended June 30, 2023.
  • Total GAAP revenues increased $2.3 million, or 2.8%, to $83.4 million in the second quarter of 2023 from $81.1 million in the second quarter of 2022.
  • Total owned restaurant net revenues increased $3.0 million, or 3.9%, to $79.9 million in the second quarter of 2023 from $76.9 million in the second quarter of 2022.
  • Adjusted EBITDA** decreased $1.8 million, or 17.6%, to $8.5 million in the second quarter of 2023 from $10.4 million in the second quarter of 2022.

British Investment Group One Homes Acquires Prime Land to Build $180M Mega Mixed-Use Development in Islamabad

Retrieved on: 
Monday, July 24, 2023
Formula One Group, Heart, Climate, Growth, Last One Home, Travel, Acquisition, Investment, Retail, Film industry

Islamabad, Pakistan--(Newsfile Corp. - July 24, 2023) - One Homes, a leading UK-based property investment and development company, has made another significant investment in Islamabad's luxury residential market.

Key Points: 
  • Islamabad, Pakistan--(Newsfile Corp. - July 24, 2023) - One Homes, a leading UK-based property investment and development company, has made another significant investment in Islamabad's luxury residential market.
  • The group plans to build a mega 1 million square feet residential and hospitality-led development along the Murree Expressway.
  • This is set to change due to multi-billion dollar infrastructure investments underway which will unlock the area for controlled development.
  • Recent projects the group have been involved with include One Canal Road, Lahore and One Serene Residences, DHA, Islamabad.