Liberty Media
United States tops sales on online F1 store for first time
Merchandise activity further signals American rise for motorsports property
Formula 1’s Q1 revenue doubles to $360m
Formula 1 has posted revenues of $360m (€341m) for the first quarter of 2022 – a 100-per-cent increase from the same period last year.
Formula 1 seals deal for return to Las Vegas
The United States is set to have three races on the Formula 1 calendar from 2023 after the motor-racing championship fulfilled a long-held ambition to return to Las Vegas
Formula One Group registers $40m profit on back of Covid-19 recovery
Formula One Group, operator of the Formula 1 motor racing championship, has turned a $444m (€396.9m) loss into a $40m profit on the back of recovery during the Covid-19 pandemic.
MLB champion Braves generate record-level revenue in 2021
Full-year revenue more than triples compared to pandemic-shortened 2020 season
MLB champion Braves see quarterly financial results spike
Third-quarter revenue more than doubles with return of attending fans
F1 continues recovery from pandemic as Q2 revenues hit $501m
Formula 1 has reported revenues of $501m (€425m) for the second quarter of 2021, a huge increase on 2020 when the motor-racing series’ season was significantly hit by the Covid-19 pandemic.
F1 posts $386m loss in disrupted 2020 season
Formula 1 suffered a record loss of $386m (€319m) in 2020 in a season heavily disrupted by the Covid-19 pandemic.
SBT and Disney ‘to submit combined bid’ for F1 rights in Brazil
Commercial free-to-air broadcaster SBT and the Disney media group are set to put in a combined bid for rights to Formula One from 2021 in Brazil, following the recent breakdown of the Rio Motorsports proposal
Liberty Media-supported SPAC plans to raise $500m in IPO
Liberty Media Acquisition Corporation (LMAC), a newly-formed special purpose acquisition company (SPAC) backed by Formula 1 owner Liberty Media, has filed a registration statement with the Securities and…
Formula 1 pumps brakes on Miami Grand Prix due to Covid-19
The Miami Grand Prix is widely expected to be put on hold until 2022 at the earliest by Formula 1 owners Liberty Media due to the ongoing effects of the global Covid-19 pandemic
Formula 1 posts $115m loss in Q3, announces Saudi Arabia race
Formula 1's revenues bounced back in the third quarter after the motorsport series made a belated start to the 2020 season, but the organization still announced a $115m (€97.4m/£87.6m
Rio Motorsports acquires F1 rights in Brazil for five-year cycle
Brazil-based motor sports investment business Rio Motorsports has acquired the exclusive broadcast rights to Formula One motor racing for a five-season cycle
Domenicali to replace Carey as Formula One CEO
Former Ferrari team principal Stefano Domenicali will replace Chase Carey as Formula One's president and chief executive in January, Liberty Media has confirmed
Globo ‘informs advertisers’ of end to F1 coverage
Brazilian commercial broadcaster Globo has started to inform advertisers and broadcast sponsors that it will not show Formula 1 action next season, its has been reported
All F1 teams agree terms on new Concorde Agreement
Formula 1 has announced that all 10 teams have agreed to the new Concorde Agreement, that will take effect next year and run until the end of 2025
Formula 1 returns to social distancing, face masks, and empty grandstands
Formula 1 motor-racing returned at the weekend after its Covid-19 suspension with a Grand Prix behind closed doors at Austria’s Red Bull Ring.
F1 seeks to ‘weather difficult time’ as $2.9bn loan and $500m credit facility amended
US-based mass media group Liberty Media has announced an amendment to the term loan and revolving credit facility of certain subsidiaries of Delta Topco, the subsidiary that holds all of its interests …