Who owns Formula One Racing?: Liberty Media Corporation completes F1 acquisition for $8 Billion in total Transactional Value

Janmeyjay Shukla
|Published June 19, 2022

Formula One motorsport has had a group of owners previously from the likes of CVC Capital Partners, and Bernie Ecclestone to Liberty Media.

Formula One is the pinnacle of motorsports with its long history since the 1950s. It has been on an upward trajectory since Liberty Media’s arrival in 2017.

Motorsport has seen a massive growth of over 4% year-on-year increase in its TV audience to 1.55 billion. It has attracted a younger audience thanks to Netflix’s Drive to Survive and capitalizing on social media.

Delta Topco owned Formula One previously

F1 held its first race in Turin back in 1946 with the rise of the European Championship of Grand Prix. Since then, it has become one of the most famous sports in the world.

Also Read: When and Where to watch the Formula 1 Canadian Grand Prix?

Delta Topco group which was a Jersey-based company was the original owner of Formula One Group. There were plenty of investors like CVC Capital Partners, Bernie Ecclestone, and Waddell & Reed part of the Delta Topco Group.

CVC Capital Partners held 35.5% of the shares with the rest divided among other investors. Bernie Ecclestone acted as Formula One Group’s Chief Executive Officer until its sale to Liberty Media Corporation.

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Liberty Media Corporation completes F1 acquisition

In January 2017, Liberty Media Corporation finalized the deal of buying Formula One. They purchased F1 from the parent company Delta Topco for US$4.6 billion lifting the overall transaction value to $8 billion.

US Media giant Liberty Media Corporation is owned by billionaire John Carl Malone. His other ventures include radio media SiriusXM and the basketball team Atlanta Braves.

Also Read: Why Formula 1 cars can’t run on the road

Liberty Media being smart business owners have divisions in all of their ventures. Their divisions include Braves Group, Liberty SiriusXM Group, and Formula One Group.

Stefano Domenicali acts as Formula One’s President & CEO taking the role of former CEO Chase Carey. Former Ferrari and Brawn GP boss Ross Brawn is F1’s Managing Director of Motor Sports.

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About the author

Janmeyjay Shukla

Janmeyjay Shukla

Janmeyjay Shukla is an artist who contributes his expressions through words as an F1 writer and editor at The SportsRush. He is an F1 historian who has been watching the sport since he was a baby. Passed on from generation to generation, he has seen the prime of Michael Schumacher to the rise of Max Verstappen. A Mercedes fan from the days of the Brawn GP era, the sport runs in his blood. Besides Formula One, Janmeyjay is a Marketing Head and a musician who loves to sing and play Rock & Pop songs on guitar. His love for sports will never die as he is a loyal Liverpool Football Club fan as well!

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