Liberty Media are an investment company that owns Formula One GroupThe Formula One Group is a subsidiary of Liberty Media and it owns the commercial rights for the promotion of... There's more... which in turn owns the commercial rights to Formula 1
Formula 1 is the pinnacle of open-wheel, single-seater car racing and arguably the highest level of any motorsport globally. Also... There's more....
Liberty Media acquired Formula 1, a global motorsports business, in Jan 2017 valuing the enterprise at $8.0 billion. Soon after, Liberty renamed it the Formula OneFormula One is the pinnacle of open wheel, single seater car racing and arguably the highest level of any motorsport... There's more... Group and placed Chase Carey in charge.
Chase managed the transition including adding new tracks, renegotiating the Concorde agreementThe F1 Concorde Agreement is a contract between Formula 1, governing body the FIA and the teams that compete in... There's more..., increasing global interest (Netflix
Netflix, Inc. is an American subscription streaming service and production company. And the creators of Drive to Survive, the behind... There's more...) and navigating the Covid 19 pandemic, before handing the reigns over to Stefano Domenicali
Stefano Domenicali is the CEO of Formula One Group, having replaced Chase Carey at the start of the 2021 season.... There's more... in early 2021.
