Liberty Media president and CEO Greg Maffei has silenced any rumours that the company is looking to sell the commercial rights to Formula 1, with the president assuring that they remain “enthused” about the sport’s future. Over recent months there have been reports of Liberty Media wanting to sell the sport, with an offer of
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Liberty Media CEO Greg Maffei has ruled out selling Formula 1 to Saudi Arabia’s Public Investment Fund, silencing rumours of a $20 billion deal. Formula 1 has been thriving in recent years, as its popularity in America has seen the sport’s commercial success grow exponentially. Saudi Arabia is already on the Formula 1 calendar, with
MoreFollowing last weekend’s Miami Grand Prix, it has been reported that billionaires Elon Musk and Jeff Bezos are interested in purchasing the commercial rights to Formula 1, from current owners Liberty Media. Musk and Bezos were both guests at the Miami International Autodrome last weekend, as they watched on as reigning World Champion Max Verstappen
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The future of the Italian Grand Prix is continuing to look very bleak, with the nation’s deputy prime minister having admitted that the historic race “is at risk”. Both the Italian GP and the Emilia Romagna Grand Prix are typically seen with packed-out grandstands and a sea of red, in support of their beloved Ferrari.
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Liberty Media CEO Greg Maffei has stated that Formula 1 is not for sale amid media speculation that Saudi Arabia could make a $20 billion bid for the commercial rights to the sport. Formula 1 has been booming in popularity around the globe, reflected in the addition of two new American races on the season
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It has been revealed by the Daily Mail that actor Brad Pitt will lead the parade lap at the British Grand Prix later in the year, as part of a film he’s working on with seven-time World Champion Lewis Hamilton. Pitt will on the track driving a lookalike F1 car, in a ‘race’ against Hamilton,
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Formula 1 is famously an expensive sport for teams but it is set to get costlier in the future, as the FIA increases the price of entry. Having launched an entry process back in February, scheduled to end in June, the FIA currently charges a $200 million “anti-dilution fee” for any team that wishes to
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The Emilia-Romagna Grand Prix in Imola is set to go ahead as planned despite fears it would have to be cancelled following building work at the circuit. Formula 1 is set to take to Italy for the first time in 2023 from Friday 19 May, but improvement works to the garages and paddock posed a
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Ex-Formula 1 driver Mark Blundell believes the FIA are “out of alignment” with the tremendous “growth” currently occurring at the pinnacle of motorsport, with communication between the sport and the governing body having reached an all-time low. It’s been a testing few months for the FIA and its president Mohammed Ben Sulayem, who’s currently not in the sport’s good
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FIA president Mohammed Ben Sulayem is reportedly treading on incredibly thin ice, with the president currently being involved in a heated disagreement with the bosses of Formula 1. It’s been a challenging week or so for Ben Sulayem, with the president having infuriated the owners of Formula 1, Liberty Media. Since taking charge of the
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