P1racenews AI automatic summary:
Formula E has a new majority owner. As the series approaches the 10th anniversary of its first race, and the end of its 10th season, what does it need from Liberty Global to move it beyond a start-up that defied some of the odds into a major player?
Liberty Global’s majority ownership of Formula E, with a 65% controlling interest, is expected to bring significant advancements to the world championship in the future. The championship, once a niche interest, has now attracted major manufacturers and is poised for expansion under Liberty’s direction. With fewer obstacles, Formula E is gaining confidence and is set for ambitious growth under Liberty Global’s leadership. The company’s investment in Formula E demonstrates its commitment to supporting and realizing the championship’s growth plan. Formula E CEO Jeff Dodds highlights Liberty Global’s conviction and financial backing as crucial for the championship’s future success. With Liberty now being the majority shareholder, Formula E is poised to enter its next phase with clarity and enthusiasm.
