Maffei said that Liberty Media is very happy with the direction of Formula 1 and has no plans to sell the sport. He also said that the company is not interested in selling to any other potential buyers.
“We are very enthused about where F1 is now but [also] where it’s going as well,” Maffei said. “You look at the big revenue streams there, all have good direction.”
Liberty Media acquired Formula 1 in 2017 for $4.4 billion. Since then, the company has made a number of changes to the sport, including introducing a budget cap and a new qualifying format.
