P1racenews AI automatic summary:
F1’s owners, Liberty Media, have one of the most valuable ‘sports empires’ in the world with a valuation above $15 billion.
According to Forbes, Liberty Media, the owner of Formula 1, holds one of the most valuable sports empires in 2024. The media company’s empire, valued at $18.22 billion, includes ventures such as Overtime Sports, F1 Arcade, Drone Racing League, Kroenke Arena, and Meyer Shank Racing. This puts Liberty Media ahead of Kroenke Sports and Entertainment, owners of Arsenal FC and LA Rams, as well as Fenway Sports Group, owners of Liverpool Football Club. However, Forbes notes that this valuation is a decrease from the previous year, as some assets were spun off. Liberty Media was valued at $20.8 billion in 2023, making it the most valuable sports empire of that year.
