Forbes rich list highlights immense value of Formula 1
Forbes rich list highlights immense value of Formula 1
Formula 1 owners Liberty Media have been ranked as the most valuable sports empire in the world, according to Forbes magazine.
Forbes' coveted list is produced each year and ranks the 25 most valuable entities involved in sports. It includes organisations as well as individual clubs and across multiple sports, including ownership groups of more than one entity.
The 25 most valuable sports empires have been valued at a total of $173 billion, and Liberty Media's control of F1 is supplemented by their stake in baseball team the Atlanta Braves, Drone Racing, and IndyCar's Meyer Shank Racing leading to a valuation of $20.8bn.
Formula 1's individual value represents the vast majority of the overall valuation of the group, at $17.1bn. Recent reports suggested that a bid in the region of $20bn from Saudi Arabia's Public Investment Fund had recently been rebuffed by Liberty.
This figure places them ahead of some stellar names; second is Kroenke Sports and Entertainment, owned by Stan Kroenke, who presides over soccer teams Arsenal FC and Colorado Rapids, as well as basketball's Denver Nuggets.
Next in third is Dallas Cowboys supremo Jerry Jones whose full empire, at $11.8bn, is worth almost half that of Liberty Media.
F1's growth
Forbes' analysis shows that the growth potential that Liberty Media thought possible when they took over in 2016 has been realised. Emerging from the coronavirus crisis, which saw the stock price plummet and real doubts over where and how races could be hosted, the explosion of interest has been significant.
From the launch of Netflix series Drive to Survive, an innovative measure that many other sports such as tennis have now attempted to follow, there has been engagement with a younger generation and it has helped to increase exposure of the sport in general.
That, coupled with an expanded calendar which will see Formula 1 visit the USA three times in the upcoming season, all combine to make F1 as attractive a proposition as it has ever been.
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F1 Standings
Drivers
- Charles Leclerc
- Carlos Sainz
- Lando Norris
- Oscar Piastri
- Pierre Gasly
- Esteban Ocon
- Sergio Pérez
- Max Verstappen
- Alexander Albon
- Logan Sargeant
- Lewis Hamilton
- George Russell
- Nico Hülkenberg
- Kevin Magnussen
- Fernando Alonso
- Lance Stroll
- Valtteri Bottas
- Zhou Guanyu
- Nyck De Vries
- Liam Lawson
- Daniel Ricciardo
- Yuki Tsunoda
Races
- Gulf Air Grand Prix of Bahrain 2023
- Saudi Arabian Grand Prix 2023
- Grand Prix of Australia 2023
- Grand Prix of China 2023
- Grand Prix of Azerbaijan 2023
- Miami Grand Prix 2023
- Qatar Airways Gran Premio Del Made In Italy E Dell'emilia Romagna 2023
- Grand Prix of Monaco 2023
- AWS Gran Premio de España 2023
- Grand Prix du Canada 2023
- Grand Prix of Austria 2023
- Aramco Grand Prix of Great Britain 2023
- Grand Prix of Hungary 2023
- Grand Prix of Belgium 2023
- Heineken Dutch Grand Prix 2023
- Grand Prix of Italy 2023
- Grand Prix of Singapore 2023
- Grand Prix of Japan 2023
- Qatar Grand Prix 2023
- Grand Prix of the United States 2023
- Gran Premio de la Ciudad de Mexico 2023
- Rolex Grande Prêmio de São Paulo 2023
- Heineken Silver Las Vegas Grand Prix 2023
- Grand Prix of Abu Dhabi 2023
About GPFans
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.
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