Liberty Media

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Coronavirus Outbreak: Belgian GP given green light to proceed without spectators as Formula 1 nears return
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Coronavirus Outbreak: Belgian GP given green light to proceed without spectators as Formula 1 nears return

The Formula 1 season has yet to start, with three races cancelled and seven postponed, but series organisers are planning to get going in July with two races behind closed doors in Austria.

Formula 1 considers racing on circuits not on 2020 calendar to boost revenue for the season
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Formula 1 considers racing on circuits not on 2020 calendar to boost revenue for the season

The Liberty Media-owned sport reported first quarter revenues of $39 million on Thursday, compared to $246 million in the same period last year, with no races scheduled for Q2 either.

Formula 1 commercial rights holder Liberty Media releases advance payments to teams, boosts liquidity
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Formula 1 commercial rights holder Liberty Media releases advance payments to teams, boosts liquidity

Liberty announced in a statement it had re-attributed its stake in Live Nation Entertainment from the Formula One Group to its SiriusXM tracking stock, with $1.5 billion in net asset value going in each direction.

Coronavirus Outbreak: Formula One furloughs almost half its staff until May, bosses take pay cuts
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Coronavirus Outbreak: Formula One furloughs almost half its staff until May, bosses take pay cuts

Sources said those on furlough were mainly Formula One employees whose work was race weekend focused and who could not carry it out remotely. The company employs in excess of 500 people.

Formula 1: Organisers of proposed 2021 Miami Grand Prix to change race layout after objections from local residents
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Formula 1: Organisers of proposed 2021 Miami Grand Prix to change race layout after objections from local residents

Formula One is keen to expand in the United States, a key market which currently has only one grand prix at a purpose-built track in Austin, Texas

Formula One: F1 teams should have no say in sport's governance, says Formula E chief executive Alejandro Agag
Sports

Formula One: F1 teams should have no say in sport's governance, says Formula E chief executive Alejandro Agag

Formula One teams should have no say in the governance of the sport because they follow their own agenda and are an obstacle to change, Formula E founder and chief executive Alejandro Agag said on Thursday.

Formula One: From sweeping aerodynamic changes to potential loss of race hosting contracts, 2019 could be vital year for F1
Sports

Formula One: From sweeping aerodynamic changes to potential loss of race hosting contracts, 2019 could be vital year for F1

Even though 2021 is a few years away, in Formula 1 terms, the teams, FIA and FOM are leaving it to the last minute to agree on sporting, commercial and technical regulations that will govern the sport then

Formula One teams receive less money in 2018 from commercial rights holders Liberty Media, despite rise in sport's revenue
Sports

Formula One teams receive less money in 2018 from commercial rights holders Liberty Media, despite rise in sport's revenue

The growth in other Formula One revenue was due primarily to higher logistics revenue, digital media and TV production related revenue as well as fan engagement activities

Formula One: Liberty Media have under-estimated challenge of running the sport, says Red Bull boss Christian Horner
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Formula One: Liberty Media have under-estimated challenge of running the sport, says Red Bull boss Christian Horner

Formula One owners Liberty Media have under-estimated the task of running the sport and must be firm in setting out a vision for the future, according to Red Bull team boss Christian Horner.

Formula One podcast: Use of digital chequered flag in future, Lewis Hamilton eyes title in United States and more
Sports

Formula One podcast: Use of digital chequered flag in future, Lewis Hamilton eyes title in United States and more

Will Lewis Hamilton clinch his 5th World Championship title at this weekend’s United States Grand Prix? Will Donald Trump follow Vladimir Putin’s lead and attend the race at the Circuit of the Americas? Tune in to listen to the episode.

Formula One: Will the revamped Racing Point Force India continue with former owner Vijay Mallya’s rich legacy?
Sports

Formula One: Will the revamped Racing Point Force India continue with former owner Vijay Mallya’s rich legacy?

As for Indian motorsport fans, the sale of Force India is the last of the strongest Indian connection in Formula One.

Formula One: Liberty Media give up on possibility of organising Miami Grand Prix in 2019, according to sources
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Formula One: Liberty Media give up on possibility of organising Miami Grand Prix in 2019, according to sources

The absence of Miami could lead to renewed efforts to strike a deal for a German Grand Prix, which is out of contract at Hockenheim after Sunday's race.

Formula One: What Lewis Hamilton's two-year contract extension means for Mercedes, Liberty Media and the sport
Sports

Formula One: What Lewis Hamilton's two-year contract extension means for Mercedes, Liberty Media and the sport

The Lewis Hamilton-Mercedes partnership would be aiming to outscore the Michael Schumacher-Ferrari partnership that won five titles on the trot in the 2000s.

Formula One: Miami delays decision on hosting race in 2019 after facing opposition from local residents
Sports

Formula One: Miami delays decision on hosting race in 2019 after facing opposition from local residents

Reports said said that many downtown and Port Miami residents had expressed concerns about the proposal and potential road closures, noise and traffic problems.

Formula One: Despite mixed reactions to FIA's rule changes for 2019, decision to slow cars isn’t bad for sport
Sports

Formula One: Despite mixed reactions to FIA's rule changes for 2019, decision to slow cars isn’t bad for sport

Along with announcing a more powerful DRS for 2019, the FIA also announced that the planned aero changes for next season could see Formula One cars slow down by up to 1.5 seconds over a single lap.

As Formula One approves Miami Grand Prix, letting drivers like Lewis Hamilton design tracks will be a great idea
Sports

As Formula One approves Miami Grand Prix, letting drivers like Lewis Hamilton design tracks will be a great idea

Even as Formula One and the City of Miami Commission confirmed the possibility of a hosting a race in 2019, Lewis Hamilton expressed his disappointment at the proposed track layout.

Formula One: Rivals Red Bull and Force India disagree over aerodynamic changes for 2019 season
Sports

Formula One: Rivals Red Bull and Force India disagree over aerodynamic changes for 2019 season

Red Bull boss Christian Horner accused Formula One on Friday of shooting itself in the foot over aerodynamic changes for 2019 which he said would cost teams like his millions in extra expense.

Liberty Media establishes authority over Formula 1 with rule changes for 2019 season
Sports

Liberty Media establishes authority over Formula 1 with rule changes for 2019 season

With the marketing, branding and distribution side of the sport falling in place, it only makes sense for Liberty Media to push their way through to ensure that the product of racing delivers too.

Formula One is sport, not spectacle, says Ferrari, threatens to pull out if it goes in the 'direction of Nascar'
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Formula One is sport, not spectacle, says Ferrari, threatens to pull out if it goes in the 'direction of Nascar'

F1 owners Liberty Media had last week set out a five-point blueprint for the future of the sport — control of budgets and revenues, a new structure for governance, sporting and technical rules, engines, and overall costs

Formula One 2018: From promising young drivers to new venues, five things to watch out for in upcoming season
Sports

Formula One 2018: From promising young drivers to new venues, five things to watch out for in upcoming season

There’s plenty to look forward to as the 2018 Formula One season commences this weekend in Melbourne, Australia. Here are our top five picks.