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Formula One Management Limited ('FOM') is a wholly owned subsidiary of Formula One Administration Limited ('FOA') and acts as its agent and business manager and together with Formula One Licensing BV, these companies form the Formula One Group of Companies ('Formula One Group').
The Formula One Group is a group of companies responsible for the promotion of the FIA Formula One World Championship and exploitation of the sport's commercial rights. The Group is owned ultimately by Delta Topco, a Jersey–based company owned by CVC Capital Partners' funds (approximately 70%) and JPMorgan (approximately 20%). Bernie Ecclestone's family trust owns the remainder apart from small shares held by financial advisers and Ecclestone himself.
"Formula One Group" strictly refers to Formula One Management, Formula One Administration and Formula One Licensing BV,which are subsidiaries of the Formula One Holdings holding company. However Delta Topco owns other Formula One businesses which are referred to in the same way.
