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The FIA's $1 million Grand Prix boost
Compared to Formula One's current controlling shareholder the private equity firm CVC, incoming owner Liberty Media has been highly vocal. In the two months since it announced its plans to buy F1 for $4.4 billion Liberty's boss Greg Maffei has expressed his views on everything from the importance of virtual reality and gambling to the possibility of making F1 races week-long events. The FIA's income even gets a mention in his latest comments so we turned to business expert Chris Sylt who specialises in analysing the finances of F1's governing body. At the Morgan Stanley Technology, Media and Telecoms conference in Barcelona yesterday Maffei spoke about the possibility of increasing F1's...
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