John Malone, Chairman of Liberty Media, does not rule out a future sale of Formula 1. According to the American, shareholder value always takes precedence, even though Liberty has experienced a period of unprecedented growth since its acquisition in 2017.
“It’s a publicly traded company,” Malone stated in the ‘Opening Bid Unfiltered’ podcast. “If someone gets carried away and wants to buy it, and is willing to pay more than what the management thinks is the maximum value, then we would sell.”
Liberty acquired Formula 1 in 2017 for approximately 8 billion dollars. Since then, its value has significantly increased. In 2023, rumors circulated that the Saudi investment fund PIF was preparing a takeover bid of 20 billion dollars, although this was never officially confirmed. “I think the shareholders are currently thrilled, they love Formula 1,” said Malone. “And Formula 1 is doing exceptionally well. And the brand still has tremendous growth potential.”
