F1's value has become a talking point following the FIA president's comments on the matter last week.
Forbes have listed Formula 1 owners Liberty Media as the ‘World’s Most Valuable Sports Empire’ for 2023, valuing the company at almost $21 billion [£16.8bn].
The global business magazine unveiled its list of the 25 most valuable companies in the world of sport, and Liberty’s ownership of Formula 1 among its other sporting interests puts it firmly at the top of the list, with Forbes listing F1’s current market value at $17.1bn. Liberty Media took on Formula 1 in 2017 and its value has grown significantly in that time, with the success of Netflix docuseriesbeing credited as a big reason behind a growing audience in the United States and beyond.
With a reported $20bn bid for the sport from Saudi Arabia’s Public Investment Fund having come in, this represents a 15% increase on the Forbes valuation of Formula 1.: “Formula 1 had a banner 2022, averaging 1.21 million viewers across the ESPN family of networks, the highest on record for the series, and signed a new television deal in June reportedly worth at least $75 million a year, 15 times its previous deal.
“No wonder Saudi Arabia’s Sovereign Wealth Fund considered acquiring Formula 1 for $20 billion last year, according to Bloomberg.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Mam Tor: Apps and social media draw crowds to cloud inversionA photographer captures the moment in a spectacular drone shot.
Weiterlesen »
Mam Tor: Apps and social media draw crowds to cloud inversionA photographer captures the moment in a spectacular drone shot.
Weiterlesen »
Greggs hint at return of popular item as fans left guessing mystery comebackIn a cryptic Twitter post shared on Friday, the company simply wrote 'Guess who's back?'
Weiterlesen »
Happy Valley viewers 'figure out' devastating reason Poppy never takes off coatThe popular show stars Sarah Lancashire as West Yorkshire's community police officer
Weiterlesen »
Brooklyn Beckham sparks backlash for adding costly ingredient to easy pasta dishFans quickly slammed the media personality for being 'out of touch'.
Weiterlesen »
Edinburgh helmet cam cyclist deletes Twitter and YouTube accounts after social media pile-onEdinburgh helmet cam cyclist deletes Twitter and YouTube accounts after social media pile-on Rider caught 12 drivers using handheld mobiles in one day – and became target of abusive and threatening tweets in apparently co-ordinated attack cycling
Weiterlesen »