P1racenews AI automatic summary:
F1 owner Liberty Media tops list of world’s most valuable “sports empires”
Liberty, which owns several major US sports franchises, including the Atlanta Braves, remains at the top of Forbes Top 25 list of sports asset owners, with a value of $18.22 billion, despite a 12% decrease in their sports property value. Kroene Sports and Entertainment, the owner of the Los Angeles Rams, Denver Nuggets, and Arsenal FC, ranked second with a 22% increase in value to $15.59 billion. Fenway Sports Group, the owner of the Boston Red Sox, Pittsburgh Penguins, and Liverpool FC, took third place with a 25% increase in value to $12.95 billion. Bernie Ecclestone, former F1 boss, ranked second on the Sunday Times’ UK taxpayer list after paying a total of £652.6 million to the UK tax authorities due to a court case involving unpaid taxes. Without Ecclestone’s payment, the total tax revenue for the year would have been lower.
