Liberty Media does not rule out the sale of Formula 1.
Liberty Media executive John Malone did not rule out selling Formula 1 if an offer seemed sufficiently attractive to shareholders.
In 2017 Liberty Media bought Formula 1 from the former owners of the commercial rights for $8 billion. Over the years the company has helped the world championship expand globally and taken Formula 1 public, so it is now worth much more, but on the Opening Bid Unfiltered podcast Malone reminded listeners that in the business world everything is bought and sold…
John Malone: "It's a public company. If someone wants to buy it, and is prepared to pay more than the board of directors believes it could offer the shareholders, we'll sell it.
Right now the shareholders are happy. Formula 1 is showing steady growth, generating significant cash flow — it has an exceptionally strong economic structure; it's a powerful brand that needs to be developed in step with the times, further increasing its appeal."
Other articles
Alex Albon: I follow my own rules.
Before the start of the race weekend at Monza, Alex Albon said he doesn't fully understand the rules the stewards use when reviewing controversial incidents on track.
Oscar Piastri: The greater the advantage, the better
Oscar Piastri categorically stated that his approach does not change regardless of the size of his lead in the drivers' championship, and he even intends to take just as many risks...
Williams filed a request with the FIA to review Sainz's penalty.
Williams has filed a request with the FIA to review the stewards' decision at the Dutch Grand Prix concerning Carlos Sainz's 10-second penalty.
Ralf Schumacher touched by his initial trip to Maranello.
Formula 1 | Ralf Schumacher has referred to his initial trip to Ferrari's Maranello base as a profoundly emotional experience. In anticipation of this weekend's (...)
George Russell: I understand the stewards' point of view.
Not only Lewis Hamilton and Carlos Sainz are unhappy with the stewards' decisions at the Dutch Grand Prix, but George Russell is too — the Mercedes driver has his own take on the incident involving Charles Leclerc...
Lewis Hamilton: I was shocked by the penalty decision.
Lewis Hamilton said he was simply shocked by the penalty decision, which only became known several hours after the race finished in Zandvoort...
Liberty Media does not rule out the sale of Formula 1.
Liberty Media CEO John Malone did not rule out selling Formula 1 if an offer seemed interesting.