F1 Business

Formula 1 secures $2.55 billion loan ahead of MotoGP takeover

Formula 1 secured on Tuesday a $2.55 billion loan package to help finance Liberty Media’s acquisition of MotoGP. Liberty initially…

2 months ago

Liberty sells $825m stake in Formula One to acquire MotoGP

Formula One’s parent company, Liberty Media, has announced a public offering of 10,650,000 shares of its Series C Liberty Formula…

2 months ago

Liberty Media seals $4 billion deal to acquire MotoGP

Liberty Media, Formula One’s commercial rights holder, has added MotoGP to its portfolio of sports franchises in a deal valued…

7 months ago

Formula 1 reports $172 million Q3 revenue increase

Formula 1 continued to power ahead in the third quarter of 2023, with the sport recording a 24 percent increase…

12 months ago

Formula 1 second quarter revenue hit by Imola cancelation

Formula 1 suffered a slight drop in its revenue for the second quarter of 2023 due to the cancelation of…

1 year ago

Liberty CEO insists F1 sell-off 'not in the cards'

Liberty Media CEO Greg Maffei insists that the company has no interest in offloading the commercial rights to Formula 1.…

1 year ago

Saudi Arabia wealth fund explored $20bn bid for Formula 1

Saudi Arabia's sovereign wealth fund reportedly held talks with Formula 1 last year as it considered a bid to acquire…

2 years ago

Formula 1 quarterly revenue improves again year-over-year

Formula 1 remains in growth mode per its latest financial report, with the sport improving its third quarter 2022 top…

2 years ago

Mercedes F1 co-owner sets sights on Man Utd purchase

Billionaire businessman Sir Jim Ratcliffe says he wants to buy ailing soccer team Manchester United. Ratcliffe already owns French team…

2 years ago

Formula 1 pockets $744m in revenue in second quarter 2022

The Formula One Group announced on Friday that it had generated a healthy $744 million in revenue in the second…

2 years ago