Greg Maffei, CEO of Formula 1’s owner Liberty Media, will step down from his position at the end of the year as the business simplifies its corporate structure.Liberty currently owns Formula 1 among many other businesses and is planning on separating its ticketing and live entertainment group – Liberty Live...

The chief executive of the Baku City Circuit has hit back at comments from Liberty Media's president and CEO Greg Maffei criticizing the value of the Azerbaijan Grand Prix to Formula 1.During a conference in Palm Beach, Florida, earlier this month, Maffei was asked about pushback from race promoters regarding...

Liberty Media has announced the completion of its takeover of Formula 1, with Bernie Ecclestone being replaced as the sport's chief executive by Chase Carey (pictured at left, above, with Ecclestone).Following Ecclestone's comments earlier on Monday that he had been dismissed as CEO, confirmation came from Liberty as it announced...

Liberty Media has announced it has entered into agreements with third party investors to commit $1.55 billion toward its acquisition of Formula 1.A group of investors – named by Liberty as Coatue Management, the D. E. Shaw group, JANA Partners, Ruane, Cunniff & Goldfarb Inc., Soroban Capital Partners, SPO Advisory...

Formula 1 has a new owner, but what are Liberty's plans and are they viable? Here's what we know so far: In its company overview, Liberty Media Corporation describes itself as owning interests in the media, communications and entertainment businesses. That in itself should tell you that Liberty Media promises...

Liberty Media has confirmed its initial takeover of Formula 1, with Chase Carey appointed as chairman, and Bernie Ecclestone retaining his position as CEO.A statement issued by Liberty Media declares it has agreed to acquire F1 from a consortium of sellers led by majority shareholder CVC Capital Partners.PRIMER: Liberty Media...