Liberty Media, which owns F1, is being investigated by the US Department of Justice for rejecting Andretti's bid to join the F1 grid. Although the FIA approved Andretti's entry, Liberty Media's decision caused a lot of controversy. CEO Greg Maffei said they will cooperate with the investigation and believe their decision was legal. Andretti is now advised to buy an existing team rather than join as the 11th team.
Click here to read the full article by Harry Smith (express.co.uk)
Formula One Group reported a 20% increase in revenue for Q2 2024, reaching $871 million, up from $724 million in Q2 2023. Operating income also went up by 17%, hitting $84 million compared to $72 million last year. The number of races increased from six to eight, including the return of the Chinese Grand Prix and the Emilia Romagna GP, which boosted revenue from media rights and sponsorships. While race promotion revenue stayed the same, 'other revenue' grew due to better services and more F2 and F3 events.
Click here to read the full article by Alex Harrington (si.com)
Liberty Media is nearing the completion of its $6.9 billion acquisition of MotoGP after overcoming major regulatory obstacles. The deal, which was announced in April, has received the necessary approvals from Australia, Brazil, Italy, and Spain. Liberty expects to finish the purchase by the end of the year, and MotoGP will be part of their Formula 1 Group but remain separate. This follows Liberty’s successful expansion of F1, which is now worth about $25 billion.
Click here to read the full article by Mat Coch (speedcafe.com)
Back on November 19, 1997, BBC Two aired a broadcast of Black Britain catching up with Lewis Hamilton and his dad, Anthony. At the time, Hamilton was just a 12-year-old making waves on the UK's karting circuit. His performance sparked conversations, with many wondering whether he could possibly become an F1 star.
How can someone live in England for 8 years and still not understand British slang? It sounds absurd, but don't mention that to Logan, who sees absolutely nothing wrong with it. Despite nearly a decade in England, he still struggles with British slang. What about his partner, Alex Albon? Will, there's only one way to find out.
