News Details
Liberty says F1 challenges, opportunities bigger than expected
Liberty Media says that running its new F1 business has proved more challenging than expected, but at the same time it has discovered that the rewards are also potentially larger. The American company took over the ownership of the sport last year, and has vowed to make it more spectacular for the fans. Liberty president and CEO Greg Maffei also stressed that F1's profit margins will not rise in the short term, as the company will have to invest. "I think everything that we thought about this business and the opportunity as we did our due diligence, and the time we spent prior to purchasing F1, has only been confirmed," said Maffei. "There is enormous opportunity in areas...
Full Story »
Full Story »
7y ago from Motorsport.com
0
You May Also Be Interested In...
Liberty says F1 challenges opportunities bigger than...
Liberty Media says that running its new F1 business has proved more...
7y ago from Motorsport.com
Liberty Media: We are going to be very aggressive
More teams, more sponsors and more circuits are all on the long-term...
7y ago from GrandPrix247.com
Manor entry withdrawal ends F1 2017 return hopes
Manor’s hopes of a last-minute rescue deal to return to the Formula 1...
7y ago from Motorsport.com
Exhaust issue cuts short opening test day for Force...
Force India opted to cut short its running on the first day of pre-season...
7y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Acosta: “It would hurt" Ducati if Martin took...
No description available...
2h ago from Motorsport.com
Fabio Di Giannantonio to undergo surgery post-Thai...
Fabio Di Giannantonio has revealed he will undergo surgery on his left...
2h ago from MotorsportWeek.c...
Jorge Martin reveals he ‘had a lot of fears'...
Jorge Martin revealed that he 'had a lot of fears' in 2024 after a...
5h ago from MotorsportWeek.c...
How Acosta is snatching the show from a lengthy MotoGP...
No description available...
6h ago from Motorsport.com
Popular On IndyCarToday.com
Grand Prix of Arlington set to be IndyCar’s “first...
No description available...
54m ago from Motorsport.com
Foster not “a second choice” after losing...
No description available...
23h ago from Motorsport.com
Lundgaard feels “more natural pace” with Arrow...
No description available...
1d ago from Motorsport.com
Hailie Deegan shifting to Indy NXT for 2025 with HMD...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC teams weigh in on possible hybrid power U-turn for...
No description available...
2h ago from Motorsport.com
M-Sport's 2025 WRC driver line-up plans "up in...
No description available...
2d ago from Motorsport.com
Consistency Neuville's first focus as maiden WRC title...
No description available...
3d ago from Motorsport.com
Solberg's failed Rally Chile protest to be reheard by...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal keeping eye on 23-year-old Belgium...
No description available...
1h ago from SportsKeeda.com
'I wanted to be playing' - Emile Smith-Rowe explains...
No description available...
1h ago from SportsKeeda.com
'The toughest decision' – Premier League ace...
Former Arsenal star Emile Smith Rowe has opened up about his decision to...
2h ago from CaughtOffside.com
Paul Merson predicts Liverpool vs Chelsea and other...
No description available...
24m ago from SportsKeeda.com
Comments
Hottest News
F1: FIA acts on ride height 'cheat'
The FIA has reacted to suspicion that teams are... Read More »
1h ago from Pitpass.com
'FIA intervenes immediately: Competitors see one team...
The FIA already has its hands full before... Read More »
7h ago from GPBlog.com
Hamilton record title claim given HUGE Abu Dhabi 2021...
A verdict has been reached by fans over the... Read More »
3h ago from GPFans.com