Formula 1

Who Owns Formula 1?

In a Nutshell

The ownership of Formula 1 has evolved greatly over the years.
Liberty Media Group is the current owner.
FIA owns the sport’s regulatory rights.
Teams, individuals, and other stakeholders also play key roles.
The business model of Formula 1 includes diverse revenue streams.

Current Ownership
Historical Ownership Overview
Liberty Media Group
Role of FIA
Team Ownership
Business Model of Formula 1
FAQ

Current Ownership

The ownership of Formula 1 is primarily under Liberty Media Group. Liberty Media Group acquired the commercial rights to Formula 1 in 2017.

Liberty Media Group’s Stake

Liberty Media owns a 100% controlling interest in Formula 1.
Stock Ticker: Liberty Media’s Formula 1 Group trades publicly under the NASDAQ ticker FWONA and FWONK.

Learn more on Who Owns Formula 1.

Historical Ownership Overview

The journey of Formula 1’s ownership is marked by multiple transitions and entities.

FIA’s Initial Role

The Fédération Internationale de l’Automobile (FIA) originally governed and promoted the sport from its inception in 1950.

Bernie Ecclestone Era

Bernie Ecclestone played a pivotal role from the late 1970s, commercializing the sport.
His company, Formula One Management (FOM), held significant rights until sold to CVC Capital Partners in 2005.

Transfer to CVC Capital Partners

CVC Capital Partners turned out to be another key owner before selling its stake to Liberty Media in 2017.

For more historical context, visit Who Owns.

Liberty Media Group

Liberty Media Group, an American mass media conglomerate, currently owns Formula 1.

Acquisition Details

Acquired Formula 1 in January 2017 for $4.6 billion.
The acquisition included both commercial and operational control.

Key Figures and Changes

Chairman: John Malone.
CEO: Chase Carey was initially appointed; currently, Stefano Domenicali serves as the president and CEO.

For more on their business approach, refer to Liberty Media Group.

Role of FIA

FIA remains the regulatory and governing body of Formula 1.

Regulatory Functions

Governs the sporting and technical regulations.
Ensures compliance with safety standards.

Revenue Sharing

Formula 1’s commercial revenues are shared with the FIA.

You can explore more about FIA’s role on FIA’s Official Site.

Team Ownership

Formula 1 teams are independently owned by various corporations, individuals, and organizations.

Key Teams and Their Owners

Mercedes AMG Petronas: Owned by Daimler AG.
Scuderia Ferrari: Owned by Fiat Chrysler Automobiles.
Red Bull Racing: Owned by the Red Bull GmbH.

Business Model of Formula 1

Formula 1 has a complex and diversified business model.

Revenue Streams

Broadcasting Rights: Largest revenue contributor.
Sponsorships: Partnerships with global brands.
Race Hosting Fees: Paid by circuits and governments.
Merchandising: Sales of branded merchandise.

Financial Performance

Generates billions in revenue annually.
Investment in digital content and fan engagement.

For a deep dive into the business model, refer to industry reports on Motorsport Business.

FAQ

1. Who is the current owner of Formula 1?

Liberty Media Group is the current owner, having acquired it in 2017.

2. What role does the FIA play in Formula 1?

FIA governs the sport’s regulations and ensures compliance with safety and sporting standards.

3. How do Formula 1 teams make money?

Teams generate income through sponsorships, prize money, and merchandising.

4. Who owned Formula 1 before Liberty Media?

CVC Capital Partners owned Formula 1 before selling it to Liberty Media.

5. Is Formula 1 profitable?

Yes, Formula 1 generates significant revenue through various streams like broadcasting rights and race hosting fees.

6. How does Formula 1 generate revenue?

The primary revenue streams are broadcasting rights, sponsorships, race hosting fees, and merchandising.

7. Are Formula 1 teams independently owned?

Yes, most teams are owned by corporations, individuals, or organizations with the financial capability to participate.

For an in-depth understanding, don’t forget to check out Who Owns Formula 1 and related articles on Who Owns.