Formula One Group
The Formula One Group is a group of companies responsible for the promotion of the FIA Formula One World Championship, and the exercising of the sport's commercial rights.
| Formerly | Formula One Constructors Association |
|---|---|
| Company type | Subsidiary |
| Nasdaq: FWONA (Series A) OTCQB: FWONB (Series B) Nasdaq: FWONK (Series C) FWB: LM0D (Series A) FWB: LM0F (Series C) Russell 1000 components (FWONA, FWONK) | |
| ISIN | US5312298707 US5312298541 US5312297717 US5312297550 |
| Industry | Motorsport |
| Founder | Bernie Ecclestone |
| Headquarters | 2 St. James's Market, London, U.K. |
Area served | Globally |
Key people |
|
| Brands | Formula 1 Formula One Paddock Club |
| Owner | Liberty Media |
| Subsidiaries | Formula One World Championship Limited Formula One Promotions and Administration Formula One Management (FOM) |
| Formula One |
|---|
The Group was previously owned by Delta Topco, a Jersey-based company owned primarily by investment companies CVC Capital Partners, Waddell & Reed, and LBI Group, with the remaining ownership split between Bernie Ecclestone, other investment companies, and company directors. It was bought by Liberty Media in 2017.
Ecclestone, a former Formula One team boss, spent 40 years as chief executive of the company after gaining control of the commercial rights. As of January 2021, the group is run by Stefano Domenicali as president and chief executive officer. Chase Carey, who previously ran the group from 2017 to 2020, is non-executive chairman.