P1racenews AI automatic summary:
Formula 1 owner Liberty Media has appointed former F1 CEO Chase Carey to its board to support its running of Grand Prix racing.
Change is happening at Liberty Media with Greg Maffei stepping down as CEO at the end of the year and the company gearing up to acquire MotoGP. Alongside this acquisition, Liberty is planning to split off its Liberty Live Group to focus more on its sports investments, particularly Formula 1. Former F1 CEO Chase Carey was appointed to the Liberty Media board of directors to support current CEO Stefano Domenicali and help with the transition. Liberty Media Chairman John Malone praised Carey’s role in key acquisitions and his contribution to F1’s growth, highlighting his valuable expertise in media, entertainment, and sports. Carey expressed enthusiasm about contributing to Liberty’s focus on premium sporting assets and working closely with the company’s leadership teams in its next growth phases. Although Carey won’t be directly involved in F1’s day-to-day operations, his return to Liberty Media’s Executive Committee ensures his experienced guidance and support for Domenicali and the future direction of MotoGP.
