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The Formula One Group
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- The Formula One Group is a group of companies responsible for the promotion of the FIA Formula One World Championship, and the exercising of the sport's commercial rights.
en.wikipedia.org/wiki/Formula_One_Group
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The commercial rights of Formula One are controlled by Formula One World Championship Limited (FOWC), which received the rights to Formula One for a period of 100 years from the FIA.
- Who Owns F1?
- Who Are Liberty Media?
- How Has F1 Changed Since The Takeover?
- What’s Next For Liberty Media and F1?
- 2026 F1 Regulation Changes Are Mapped Out
Formula 1 is one of the world’s most popular sports with a long history dating back to the 1950s. Ownership of the championship outright belongs to the governing body, the FIA, with the France-based organisation owning the rights to the name of the series and its rulebooks, as well as creating the standards for circuit grading, drivers licencing as...
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 private equity firm CVC Capital Partners – CVC having owned 63.4% of the Formula One Group’s shares by March 2006. In late 2016, CVC sold its F1 stake, inclu...
The sale of F1 to Liberty Media brought with it some huge changes. The company decided to rebrand to modernise the sport and make it more attractive to a younger audience. This included a refresh of the F1 logo, as well as the now beloved F1 theme tune. The firm worked to increase and improve F1’s presence on social media and video streaming platfo...
Liberty Media has big plans for the future of F1. The firm’s initial focus continues to be on its US presence. With the addition of the Miami Grand Prix in May 2022, and the new Las Vegas Grand Prix debuting in November 2023, there are now three races in the United States included in the schedule, with more US venues being discussed. Domenicali sai...
Looking even further ahead to 2026, F1 and its teams are working on a new power unit regulation set, although specific details have yet to be revealed to the public. What we know so far is that the 1.6-litre engines will remain, but without the complex MGU-H component from the hybrid system. The new engine will form part of the plan to achieve four...
Jan 16, 2023 · However, the entire Formula One Group is owned by a massive American mass media company called Liberty Media. They have been the owners of the sport for six years now.
May 14, 2023 · The Corporation is an American media conglomerate that owns the Formula One Group, which holds the exclusive commercial rights to Formula 1. Liberty Media acquired Formula One Group from CVC Capital Partners in 2017 for $4.6 billion.
The Mercedes F1 Team is owned in equal parts by three parties: Mercedes-Benz Group, CEO Toto Wolff and INEOS. This current Mercedes team joined F1 in 2010 when Daimler, now known as the...
Mar 5, 2024 · Liberty Media restructured its operations and placed Formula 1 under a newly formed subsidiary, the Formula One Group. This group oversees the promotion of the F1 World Championship, one of the premier forms of racing around the world, and holds the commercial rights to the sport.
Jan 24, 2017 · The Formula 1 World Championship is owned by racing’s governing body, the FIA, which sold off the lucrative commercial rights to the series on a 100-year licence. These are now owned by the US and media entertainment company Liberty Media.
