The Formula One sport as an entity is owned commercially by the Formula One Group, which is a group of companies responsible for the promotion and commercial rights of the FIA Formula One World Championship. The Formula One Group is owned by Liberty Media, an American media company, which acquired it in 2017. Liberty Media controls the commercial aspects of Formula 1, including broadcasting rights and race contracts. The FIA (Fédération Internationale de l'Automobile) owns the World Championship itself and is the regulatory body that governs the sport, sets and enforces rules, certifies circuits, and oversees the running of events. In summary:
- Liberty Media owns the Formula One Group and therefore holds the commercial rights to Formula 1.
- The FIA owns the championship and governs the sport.
- Liberty Media bought controlling interest of the Formula One Group from previous owners, including Bernie Ecclestone, in 2017.
Additionally, the ownership of individual F1 teams varies widely and includes private individuals, corporations, sovereign wealth funds, and investment groups (for example, Ferrari is largely owned by Exor N.V., and Red Bull GmbH owns Red Bull Racing).
