Liberty Media has shared its stance on selling the commercial rights to Formula 1 amid reported interest from several parties.
The American corporation bought a controlling stake in the sport in early 2017, paying around £3.3bn. Since then, F1 has made great strides to become a more profitable and sustainable sport, compared to the one which regularly saw teams go bust.
F1's success comes thanks to unprecedented growth over the last few years. The Netflix Drive to Survive programme has played a major role in that, particularly in the US – a market the sport has always struggled to truly break into – though there are plenty of other factors which have made a difference.
