Formula 1’s owners Liberty Media believe the sport is worth over $20 billion (£15.7bn), two-and-a-half times what they bought it for in 2017.
Liberty Media want to make F1 as competitive as the NFL. Here’s why the world’s most lucrative sports league is not a bad model to follow.
Formula 1 has criticised comments made by president Mohammed Ben Sulayem yesterday regarding the value of the sport in a letter to the FIA.
Formula 1 reported a $68 million (£50m) profit over the third quarter of 2021, a significant increase over the same period last year, despite holding fewer races in that time.
Liberty Media has published its financial results for the third quarter of 2020, showing an overall loss of $104 million for the period.
Formula 1 managing director Ross Brawn says Liberty Media is not behind a plan to introduce reverse-grid qualifying races into F1.
Liberty Media had food for thought this week as Formula 1’s share price slipped towards a 12-month low on the news of Renault boss Carlos Ghosn’s arrest