P1racenews AI automatic summary:
F1 has been in the hands of Liberty Media for nearly eight years. Could its chairman be willing to cash out?
Liberty Media chairman John Malone has not ruled out the possibility of selling Formula 1, a business the company acquired almost eight years ago from Bernie Ecclestone. Talks of a potential sale to Saudi Arabia’s PIF with a $20 billion valuation happened last year, but F1’s value has continued to rise. Malone currently holds a controlling 49% stake in F1 and as the acting CEO of Liberty Media, he stated that he wants to maximize value for shareholders without seeking a control premium. Malone mentioned that he is open to entertaining offers for Formula 1 if it benefits the organization and shareholders in the long term. Despite believing in F1’s promising future under the current management, Malone will observe the business and consider potential strategic moves in the coming years.
