
Liberty Media CEO Departure Fuels $20B F1 Sale Speculation
Liberty Media CEO Greg Maffei, who is stepping down at the end of the year, stated there are no plans to sell Formula 1, which he believes is well-positioned for the future. Under Liberty's ownership since 2017, F1 has seen significant growth, partly due to the Netflix series "Drive to Survive." Despite rumors of a $20 billion takeover bid by Saudi Arabia's Public Investment Fund, Maffei dismissed the idea, emphasizing the sport's strong prospects and Liberty's commitment to its stewardship.


