Motorsport Week
  • Formula 1
    • 2023 Formula 1 Calendar
    • 2023 Formula 1 Standings
    • 2023 Formula 1 Team/Driver Line-Up
    • 2023 Formula 1 Driver Penalty Points
  • Formula E
    • 2022/23 Formula E Standings
    • 2022/23 Formula E Calendar
    • 2022/23 Formula E Team/Driver Line-up
  • IndyCar
    • 2023 IndyCar Calendar
    • 2023 IndyCar Driver Line-Up
    • 2023 IndyCar Standings
  • WRC
    • 2023 WRC Calendar
    • 2023 WRC Standings
    • 2023 WRC Driver Line-up
  • MotoGP
    • 2023 MotoGP Calendar
    • 2023 MotoGP Team/Rider Line-Up
    • 2022 Championship Standings
  • WEC
    • 2023 WEC Calendar
    • 2023 WEC Hypercar Team/Driver Line-up
  • More
    • IMSA
      • 2023 IMSA GTP Team/Driver Line-up
      • 2023 IMSA Calendar
    • Formula 2
      • 2023 Formula 2 Race Calendar
      • 2023 Formula 2 Driver Line-up
    • Formula 3
      • 2023 Formula 3 Race Calendar
      • 2023 Formula 3 Driver Line-up
    • DTM
    • WSeries
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
LIVE
No Result
View All Result
  • Formula 1
    • 2023 Formula 1 Calendar
    • 2023 Formula 1 Standings
    • 2023 Formula 1 Team/Driver Line-Up
    • 2023 Formula 1 Driver Penalty Points
  • Formula E
    • 2022/23 Formula E Standings
    • 2022/23 Formula E Calendar
    • 2022/23 Formula E Team/Driver Line-up
  • IndyCar
    • 2023 IndyCar Calendar
    • 2023 IndyCar Driver Line-Up
    • 2023 IndyCar Standings
  • WRC
    • 2023 WRC Calendar
    • 2023 WRC Standings
    • 2023 WRC Driver Line-up
  • MotoGP
    • 2023 MotoGP Calendar
    • 2023 MotoGP Team/Rider Line-Up
    • 2022 Championship Standings
  • WEC
    • 2023 WEC Calendar
    • 2023 WEC Hypercar Team/Driver Line-up
  • More
    • IMSA
      • 2023 IMSA GTP Team/Driver Line-up
      • 2023 IMSA Calendar
    • Formula 2
      • 2023 Formula 2 Race Calendar
      • 2023 Formula 2 Driver Line-up
    • Formula 3
      • 2023 Formula 3 Race Calendar
      • 2023 Formula 3 Driver Line-up
    • DTM
    • WSeries
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
Motorsport Week
Home Single Seater Formula 1

F1 owners Liberty Media named world’s most valuable sports empire

by Jordan Edwards
2 months ago
A A
0
F1 owners Liberty Media named world’s most valuable sports empire
Share on FacebookShare on Twitter

Formula 1’s parent company Liberty Media has been ranked by Forbes as the world’s most valuable sports empire for 2023, adding US$7.8 billion to its valuation since 2021.

Forbes valued Liberty Media’s sports empire at $20.8 billion for 2023. Formula One sits on the top of Liberty’s portfolio, with an enterprise value of $17.1 billion followed by the Atlanta Braves MLB team worth $2.1 billion.

Liberty Media acquired Formula 1 from a consortium of sellers led by the private equity firm CVC and Bernie Ecclestone in late 2016 for $4.4 billion and didn’t appear within the Forbes yearly rankings until 2021, after change in methodology.

The 2023 $17.1 billion valuation, which includes debts, of F1, is timely after the President of the FIA Mohammad Ben Sulayem released a series of tweets warning any potential buyers against “inflated price tags.”

RelatedPosts

Steiner: No longer a backmarker team on the F1 grid

Steiner: No longer a backmarker team on the F1 grid

4 hours ago
Norris reveals F1 livery he wants to see McLaren return to

Norris reveals F1 livery he wants to see McLaren return to

5 hours ago

This was after it emerged that Saudi Arabia’s Public Investment Fund had explored acquiring F1 in a deal worth more than $20 billion.

Ben Sulayem continued further on Twitter, to say that “any potential buyer is advised to apply common sense, consider the greater good of the sport and come with a clear, sustainable plan – not just a lot of money.”

But F1 Management and Liberty Media have been in agreement that Ben Sulayem’s comments exceeded the FIA’s remit, feeding an ongoing spat between F1 and the FIA. A letter sent to the World Motorsport Council, first reported by Sky Sports News, said that the comments risked exposure to “serious regulatory consequences” and that the FIA could also be liable.

The valuation placed on Liberty Media of $20.8 billion has increased year-on-year, with a $3.6 billion increase since 2022’s ranking and a massive $7.8 billion increase since 2021.

During that time viewing figures continued to increase with the cumulative TV audience for 2021 up 4% from 2020 and US viewing figures surged in 2022 as ESPN announced record viewership.

Formula 1 was valued $4.35 billion more than the second highest on the list, Kroenke Sports & Entertainment, the owners of Premier League football club Arsenal, Los Angeles Rams, the NHL’s Colorado Avalanche, the Denver Nuggets of the NBA and the NFL’s Los Angeles Rams.

While the Glazer Family, owners of Premier League football club Manchester United and the Tampa Bay Buccaneers, are valued at $9.57 billion less than Formula 1’s enterprise value.

Tags: F1LibertyMedia
Share367Tweet229Share92

Related Posts

Steiner: No longer a backmarker team on the F1 grid
Formula 1

Steiner: No longer a backmarker team on the F1 grid

4 hours ago
Norris reveals F1 livery he wants to see McLaren return to
Formula 1

Norris reveals F1 livery he wants to see McLaren return to

5 hours ago
Formula 1

Video: F1 Car vs Outback – Ricciardo’s great Aussie road trip

6 hours ago
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Articles

Rosberg: Hamilton’s split with trainer Cullen ‘makes things even worse’
Formula 1

Rosberg: Hamilton’s split with trainer Cullen ‘makes things even worse’

March 22, 2023
Massa: No reason why Verstappen won’t win six F1 titles in a row
Formula 1

Massa: No reason why Verstappen won’t win six F1 titles in a row

March 24, 2023

Upcoming Races

#EventLocationDate
2Saudi Arabian GPJeddah19 March
3Australian GPMelbourne02 April
4Azerbaijan GPBaku30 April
5Miami GPMiami07 May
6Emilia Romagna GPImola21 May

Click here for the full 2023 F1 calendar

Drivers’  Standings

#DriverPts
Max Verstappen44
Sergio Perez43
Fernando Alonso30
George Russell18
Carlos Sainz20
Lewis Hamilton20
Lance Stroll8
Charles Leclerc6
Valtteri Bottas4
Esteban Ocon4

Click here for full Drivers’ Standings

Follow Motorsport Week

Motorsport Week

© 2023 Motorsport Media Services Ltd

Other Links

  • About & Contact
  • Privacy Policy
  • Motorsport Monday

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Home
  • Formula 1
    • Latest News
    • Standings
    • 2023 F1 Calendar
    • Team/Driver Line-Up
    • Session Results
    • Driver Penalty Points
  • Formula E
    • Latest News
    • 2022/23 Formula E Standings
    • 2022/23 Formula E Calendar
    • Session Results
  • MotoGP
    • Latest News
    • Standings
    • Calendar
  • WRC
    • Latest News
    • Standings
    • Calendar
  • IndyCar
    • Latest News
    • Calendar
    • Standings
  • WEC
    • Latest News
    • Calendar
  • Live Updates
  • Other
    • Formula 2
    • Formula 3
    • Moto2
    • Moto3
    • WSeries
    • DTM
    • IMSA
  • Galleries
  • About/Contact
  • Privacy Policy

© 2023 Motorsport Media Services Ltd

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
X