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Apr 16, 2023 · The owner of the Formula One Group is an American mass media company called Liberty Media Corporation owned by billionaire John Carl Malone. Up until 2016, F1’s commercial rights were owned by ...
Jun 13, 2024 · However, their CEO is now Greg Maffei, and he has been present at races in 2024. Liberty Media agreed to buy the Formula One Group in late 2016 from long-time owner Bernie Ecclestone for US$4.4 billion (£3.3 billion), with the deal being finalised in January 2017 for a whopping US$4.6 billion (£3.44 billion) price fee.
Liberty Media Corporation and Delta Topco, the parent company of Formula 1 announced today that Liberty Media has completed its previously announced acquisition of F1, the iconic global motorsports business, from a consortium of sellers. F1 has appointed Chase Carey as Chief Executive Officer of F1, in addition to his existing role as Chairman, and Bernie Ecclestone as Chairman Emeritus of F1 ...
Dec 16, 2022 · Formula One Group, meanwhile, launched their own streaming platform: F1 TV. Liberty Media's objective was to attract a new audience through ESPN's convenient offer. This partnership proved to be particularly lucrative, as in the 2021 season, the US Formula One Group saw a 58 per cent increase in cumulative audience over the previous year.
Jan 23, 2017 · Greg Maffei, President and CEO of Liberty Media Corporation, commented: “We are delighted to have completed the acquisition of F1 and that Chase will lead this business as CEO. There is an enormous opportunity to grow the sport, and we have every confidence that Chase, with his abilities and experience, is the right person to achieve this.
Jan 30, 2024 · Much of F1's recent success can be attributed directly to it having been purchased for $301 million by Liberty Media in 2017, bringing the series into the modern world. Its efforts have been ...
People also ask
Does Liberty Media own Formula One?
Does F1 TV work with Liberty Media?
Who owns Formula One?
How did Liberty Media acquire F1 1?
The interest in Formula One already acquired by Liberty Media, and the remaining interest to be acquired upon the closing of the acquisition, along with $4.1 billion of existing Formula One debt (which will be non-recourse to Liberty Media) and $0.7 billion in Formula One cash, is being attributed to the Liberty Media Group tracking stock.
