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The Latest Breaking News from Liberty Media

F1 Arcade raises £30 million in latest sign of ‘competitive socialising’ boom

Investors included McLaren driver Lando Norris and team CEO Zak Brown

Evening Standard

Sold out Spa F1 doubles down on 2022 success amid future talks

The Spa-Francorchamps event was told by F1 in no uncertain terms to improve its fan offering in the wake of a disastrous, rained-out 2021 edition, with its heritage as one of F1's most historic and exciting circuits no longer sufficient to stay on the calendar.

Autosport

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

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F1 critics should not be “selfish” with views, says Domenicali

Despite F1's dramatic boost in popularity under owner Liberty Media, there has been some kickback from drivers about certain aspects of grand prix weekends.

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

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

Why F1 works so well for Hard Rock

Its sponsorship partnership with Red Bull, and a high-profile presence it has at this weekend’s Miami Grand Prix and the forthcoming Las Vegas event, are much more about shifting perceptions of what it is about now.

Autosport

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Las Vegas GP promotion a "massive eye-opener" for F1

A race on the famous Strip in Nevada will mark the first time that F1 and its owner Liberty Media have taken the act of race promotion in-house, rather than relying on a local third party to organise the event before the championship claims back a substantial fee.

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

Las Vegas Strip's Newest Member Set for November Launch

This new building bolsters Sin City’s claim as a sports city for the next decade.

The Street

What the WWE-UFC merger means for the future of wrestling and MMA

World Wrestling Entertainment’s (WWE) “WrestleMania” is the biggest event in the professional wrestling calendar. Marketed for 2023 as the event where “WrestleMania Goes Hollywood”, the two nights of glitz, glamour and grunting pugilists turned out to be somewhat prophetic.

The Conversation

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

Liverpool and FSG could be about to partner with 'the biggest empire in global sports'

Fenway Sports Group are on the hunt for minority investment into Liverpool

Liverpool Echo

Liverpool sale: F1 and Atlanta Braves owners among contenders for FSG minority stake

Fenway Sports Group have dismissed the possibility of selling the entirety of Liverpool - but the club's owners are considering their options for a minority stake sale

Daily Mirror

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AFP

FIA boss to step back from daily F1 management

Paris (AFP) - FIA president Mohammed Ben Sulayem will step back from the daily management of Formula One, his organisation confirmed on Wednesday, as tensions between the sport and its governing body soar following controversies involving him.

AFP

F1 tensions with FIA surface over 'inflated price tag' row

Paris (AFP) - Formula One is never more than a chicane away from an unseemly spat as last week's surfacing of tensions between the sport's custodians the FIA and its owners Liberty Media demonstrated

Sports Illustrated

Reports: F1 Sends FIA Fiery Letter After President’s Tweets

Mohammed Ben Sulayem tweeted a thread concerning the report of Saudi Arabia considering bidding $20 billion to purchase Formula One.

Evening Standard

F1 slam FIA president Mohammed Ben Sulayem over ‘unacceptable’ Twitter claims on takeover rumours

Talk of a $20bn Saudi takeover of F1 led to “inflated” comments by the FIA boss

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Autosport

F1 chiefs angered by Ben Sulayem’s "unacceptable" remarks

FIA president Mohammed Ben Sulayem has been accused by Formula 1 chiefs of 'interfering' in the sport’s commercial rights with his comments that a $20 billion valuation was inflated.

Daily Mirror

FIA president responds with warning after £16bn F1 'buyout attempt' by Saudi PIF

A report last week claimed that the sovereign wealth fund of Saudi Arabia had tried to launch a £16bn bid to buy Formula 1, and that it was rejected out of hand by Liberty Media

Autosport

Ben Sulayem urges caution over "exaggerated" $20bn valuation for F1

FIA president Mohammed Ben Sulayem has warned of potential risks for Formula 1 amid 'exaggerated' talk of a $20 billion valuation for the series.

Daily Mirror

Newcastle United's Saudi owners 'explored' mammoth £16bn bid to buy F1

F1 has become much more profitable – and desirable – in recent years, and Saudi Arabia's Public Investment Fund is said to have made its interest in buying the sport known

Tribune News Service

Michael Cunningham: If Braves don’t retain Dansby Swanson it won’t be because they can’t afford it

ATLANTA — The Phillies raised eyebrows when they signed Bryce Harper to a 13-year contract for $330 million. Harper was voted National League MVP at 22 years old and still was in his prime, but what about later? The Phillies are on the hook to pay Harper $288 million after…

Tribune News Service

Where the Braves’ payroll stands, what it could mean for rest of offseason

A couple of months ago, Braves Chairman Terry McGuirk told The Atlanta Journal-Constitution that his goal was for the organization to eventually have a top-five payroll – but did not specify when. Recently, Liberty Media President and CEO Greg Maffei echoed this sentiment.

The Street

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.

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