Formula 1 is reportedly seeking $150 million-$180 million a year for a TV rights deal

Drivers line up to start a qualifying session prior to the Bahrain Formula One Grand Prix (Credit: GIUSEPPE CACACE—POOL/AFP/Getty Images)

• Liberty Media’s Formula 1 is looking to sell a U.S. TV package for $150 million to $180 million per year, according to the Wall Street Journal. That’s nearly double what ESPN is estimated to pay now to broadcast the sport.

Liberty Media’s Formula 1 is looking to sell a U.S. media rights package for $150 million to $180 million per year, according to a Wall Street Journal report.