P1racenews AI automatic summary:
F1 owner Liberty Media tops list of world’s most valuable “sports empires”
Liberty has been ranked first on the Forbes Top 25 list, which includes owners of major US sports franchises and some top European football teams. Despite the decrease in the value of its sports properties due to the spin-off of its baseball subsidiary, the Atlanta Braves, Liberty remains at the top with a value of $18.22 billion. Kroenke Sports and Entertainment, the owner of the Los Angeles Rams, Denver Nuggets, and Arsenal FC, increased its value by 22% and secured the second spot with $15.59 billion. Fenway Sports Group, the owner of the Boston Red Sox, Pittsburgh Penguins, and Liverpool FC, came in third with a value of $12.95 billion, a 25% increase from the previous year. Stephen Ross, the owner of the Miami Dolphins and the promoter of the Miami Grand Prix, made it to the Forbes Top 25 at 16th place with sports assets valued at $6.91 billion. Bernie Ecclestone, former F1 boss, ranked second on the UK’s top taxpayer list, paying a total of £652.6 million in tax and penalties to HMRC after losing a legal case regarding unpaid tax.
