Formula 1 is an exciting sport, with fast cars, beautiful venues and high-octane drama. It also has a penchant for pomp, grandeur and over-the-top shenanigans. To be blunt, F1 is a sport for the rich, built and run by the rich. Lewis Hamilton really is an anomaly and not the norm, the only rags to riches story in F1. To understand how the financials work, we need to first understand the hierarchical structure for Formula One. Formula One is owned by Formula One group, a subsidiary of Liberty Media. Liberty is a Nasdaq listed American mass media company, owned by … Continue reading Money talks – learning how money goes around in Formula 1