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Carey: Liberty not in F1 to 'take the money'

New Formula One chairman Chase Carey says Liberty Media has the best interests of the sport in mind, and have not taken over to simply "take the money".

Earlier this month Liberty Media agreed to purchase a controlling stake in Formula One in a deal which will be completed next year. The American media company will become the majority stakeholder in place of private equity firm CVC Capital Partners, who purchased the controlling stake in 2006.

In their time as majority shareholder CVC was criticised for the fact it seemed to take money from F1 without putting back in, something Carey, who has been installed chairman by Liberty, says the new owners will not do.