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...

Bernie Ecclestone has warned that Liberty Media will be no different to previous owners CVC, in its intention to make money from Formula 1.Liberty completed the first phase of acquiring a majority shareholding in F1 on Wednesday, with the company due to ultimately take up a 35.3% stake in the...

On Tuesday, RACER.com took you behind the scenes of the latest attempt to buy and reinvent the Verizon IndyCar Series (click here to read Part 1). To recap: IndyCar and its teams need money. The X1 Group has proposed a partnership that would bring in money through the flourishing world...