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The Latest Breaking News from Greg Maffei

Brown would welcome new F1 Concorde Agreement "sooner rather than later"

The current Concorde Agreement, F1's crucial three-way commercial deal between the commercial rights holder (Liberty Media-owned FOM), the FIA and the 10 teams covers the 2021-2025 period.

Autosport

F1 owner shares stance on selling sport amid Saudi Arabia PIF and Elon Musk interest

Worldwide interest in F1 has grown rapidly in recent years – as have revenues – meaning Liberty Media would be able to command a very high price for the sport should it choose to sell

Daily Mirror

Formula One faces the price of success in new Concorde talks

Formula One teams are set to start talks with the sport’s governing body and owners on a new collective agreement with wrangles over a number of thorny issues expected as the sport faces up to the price of success.

The Hindu

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NASCAR street races forcing Museum Campus closures: Another summer headache for Chicago

Much of Grant Park will be closed to accommodate NASCAR. Now the Field Museum and the Shedd Aquarium have announced schedule changes because of road closures and expected crowds.

Chicago Sun-Times

F1 faces the price of success in new Concorde talks

Miami (AFP) - Formula One teams are set to start talks with the sport's governing body and owners on a new collective agreement with wrangles over a number of thorny issues expected as the sport faces up to the price of success.

AFP

Liberty: F1 must “strike while the iron is hot” on next Concorde deal

Maffei suggests that all parties will benefit from the early conclusion of a new contract while the series is in a strong position and interest is growing worldwide.

Autosport

Why F1 hopes what happens in Vegas won't stay in Vegas

What makes it unique is that it is being promoted by Liberty Media and F1 and not by a local third party. The city and the casinos that own the land are partners, but the commercial rights holder is taking the big risks and stands to win or lose depending…

Autosport

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Why Las Vegas is key to F1's growth plans

On March 1, Liberty Media released its 2022 annual results, and they indicated a spectacular performance by Formula 1 as the effect of COVID finally disappeared.

Motorsport

How Liberty is "playing long game" to help F1 teams make money

Liberty Media CEO Greg Maffei says Formula 1 is playing a “long game” in growing the overall size of the business while helping the teams to make money.

Autosport

Bots helped drive Taylor Swift ticket fiasco, Ticketmaster’s largest shareholder says

Fourteen million people were competing for presale tickets to the singer’s Eras tour, he said.

Fortune

World Series Champion Moving Closer to a Sale

The parent company that controls a recent World Series Champion is splitting off the baseball team and its real estate in a move that could be a precursor to a sale.

The Street

Las Vegas GP date leaked, F1 race could pair with Abu Dhabi

The inaugural Las Vegas Grand Prix night race has a preliminary race date of November 16-18 next year that could form a glitzy season-ending back-to-back with Abu Dhabi.

Motorsport

Las Vegas GP date leaked, F1 race could be paired with Abu Dhabi

The inaugural Las Vegas Grand Prix night race has a preliminary race date of 16-18 November next year that could form a glitzy season-ending back-to-back with Abu Dhabi.

Autosport

How F1 teams went from £1 rejects to billion-dollar forecasts

Formula 1 has undergone a number of seismic changes since Liberty Media took over as the commercial rights holder in 2017.

Autosport

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Autosport

Why F1's top bosses are thinking about a "bigger future"

Liberty Media has owned Formula 1 for five years. At the recent Financial Times/Motorsport Network Business of F1 forum in Monaco, we spoke to Liberty CEO Greg Maffei and F1 CEO Stefano Domenicali about the key milestones and their future plans for F1 for the latest edition of #ThinkingForward.

Motor1

Why F1's Top Bosses Are Thinking About A "Bigger Future"

At the recent Financial Times/Motorsport Network Business of F1 forum in Monaco, we spoke to Liberty CEO Greg Maffei and F1 CEO Stefano Domenicali about the key milestones and their future plans for F1 for the latest edition of #ThinkingForward.

Motorsport

Why F1’s top bosses are thinking about a "bigger future"

Liberty Media has owned Formula One for five years. At the recent Financial Times/Motorsport Network Business of F1 forum in Monaco, we spoke to Liberty CEO Greg Maffei and F1 CEO Stefano Domenicali about the key milestones and their future plans for F1 for the latest edition of #ThinkingForward.

Autosport

Domenicali doubts Formula 1 needs 11th team amid Andretti push

Formula 1 CEO and president Stefano Domenicali has cast doubt on Andretti’s push to join the grid as an 11th team, saying any new entry needs to be “really significant”.

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Daily Mirror

Bernie Ecclestone slams “stupid” Miami Grand Prix and hits out at F1 direction

Former Formula 1 boss Bernie Ecclestone has criticised the Miami Grand Prix after the event was hosted for the first time in 2022

Motorsport

Why F1 is spending $240m on a Las Vegas construction plot

Formula 1 is spending a substantial sum of $240 million on pits and paddock alone to make the Las Vegas Grand Prix a reality. But for a sport whose business model has long relied on race-hosting fee, why is it taking an unconventional route to expand its presence in America?…

The Street

Las Vegas Lands Another Major Sports Franchise

Sin City and the Las Vegas Strip have quickly become the center of the sports world which has been great news for Caesars and MGM.

Benzinga

Here's How Liberty Media Fared In Q1

Liberty Media Corp (NASDAQ:FWONA) reported first-quarter 2022 results, with results attributed to Liberty SiriusXM Group, Formula One Group, and Braves Group. Liberty SiriusXM Group: Liberty SiriusXM reported first-quarter FY22 revenue growth of 6% year-on-year to $2.19 billion. Liberty SiriusXM operating income expanded 108% Y/Y to $493 million. Liberty SiriusXM's adjusted OIBDA was $690…

Autosport

F1 pays $240m to acquire city site for Las Vegas GP paddock

Formula 1 has acquired a 39-acre site in central Las Vegas for $240m in order to create a space for the pit and paddock area for next year's grand prix.

Motorsport

F1 pays $240m to acquire city site for Las Vegas paddock

Formula 1 has acquired a 39-acre site in central Las Vegas for $240m in order to create a space for the pit and paddock area for next year's grand prix.

Businessweek

Formula One Finally Found a Way to Get Americans to Care

The posh, stodgy European sport has been transformed for the U.S. with a hit Netflix series, race car drivers on Twitch, and a Miami-meets-Vegas overhaul—and it’s working.

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