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Sports Illustrated

Madeline Coleman

Report: F1 Renews U.S. Media Rights With ESPN Through 2025

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Formula One has renewed its U.S. media rights deal with ESPN for the next three seasons, but it has not put pen to paper yet, according to the Sports Business Journal.

The sport informed Amazon and Comcast executives that their respective bids were not accepted on Friday despite Amazon’s bid reportedly being around the $100 million mark. According to SBJ, ESPN agreed to pay between $75-90 million per year for the rights. Currently, the media company is reportedly paying approximately $5 million annually.

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