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Ecclestone out, Liberty Media in : a look into the shifting ownership structure of Formula One

Tom Evens (UGent) , Samuel Tickell (UGent) and Hans Erik Naess
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Abstract
This chapter examines the shifting ownership structure of Formula One (F1) and highlights Liberty Media’s purchase of F1, with the US media conglomerate ending 40 years of governance by the British entrepreneur Bernie Ecclestone. The chapter will reflect to what extent this event opens a new chapter for motor sport. First, the chapter discusses the interplay between sports and the media business and puts corporate integration between sports and media organisations into historical perspective. It claims that any trend towards ownership of sports organisations had been subsiding since the late 1990s, but that vertical takeovers have received renewed interest lately. Second, the chapter describes the shifting ownership structure of F1 and examines the latest acquisition by Liberty Media. With this deal, the former cable company further develops into an entertainment conglomerate with multiple activities in the growing leisure business. Finally, the chapter elaborates on the possible commercial future of F1 as a media sport and critically examines Liberty’s strategy to grow audiences and fully embrace digital media while protecting its broadcast television revenues.

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MLA
Evens, Tom, et al. “Ecclestone out, Liberty Media in : A Look into the Shifting Ownership Structure of Formula One.” The History and Politics of Motor Racing : Lives in the Fast Lane, edited by Damion Sturm et al., Springer, 2023, pp. 571–92, doi:10.1007/978-3-031-22825-4_22.
APA
Evens, T., Tickell, S., & Naess, H. E. (2023). Ecclestone out, Liberty Media in : a look into the shifting ownership structure of Formula One. In D. Sturm, S. Wagg, & D. L. Andrews (Eds.), The history and politics of motor racing : lives in the fast lane (pp. 571–592). https://doi.org/10.1007/978-3-031-22825-4_22
Chicago author-date
Evens, Tom, Samuel Tickell, and Hans Erik Naess. 2023. “Ecclestone out, Liberty Media in : A Look into the Shifting Ownership Structure of Formula One.” In The History and Politics of Motor Racing : Lives in the Fast Lane, edited by Damion Sturm, Stephen Wagg, and David L. Andrews, 571–92. Springer. https://doi.org/10.1007/978-3-031-22825-4_22.
Chicago author-date (all authors)
Evens, Tom, Samuel Tickell, and Hans Erik Naess. 2023. “Ecclestone out, Liberty Media in : A Look into the Shifting Ownership Structure of Formula One.” In The History and Politics of Motor Racing : Lives in the Fast Lane, ed by. Damion Sturm, Stephen Wagg, and David L. Andrews, 571–592. Springer. doi:10.1007/978-3-031-22825-4_22.
Vancouver
1.
Evens T, Tickell S, Naess HE. Ecclestone out, Liberty Media in : a look into the shifting ownership structure of Formula One. In: Sturm D, Wagg S, Andrews DL, editors. The history and politics of motor racing : lives in the fast lane. Springer; 2023. p. 571–92.
IEEE
[1]
T. Evens, S. Tickell, and H. E. Naess, “Ecclestone out, Liberty Media in : a look into the shifting ownership structure of Formula One,” in The history and politics of motor racing : lives in the fast lane, D. Sturm, S. Wagg, and D. L. Andrews, Eds. Springer, 2023, pp. 571–592.
@incollection{01H3KR8NJSZZP55MS95Z6AK456,
  abstract     = {{This chapter examines the shifting ownership structure of Formula One (F1) and highlights Liberty Media’s purchase of F1, with the US media conglomerate ending 40 years of governance by the British entrepreneur Bernie Ecclestone. The chapter will reflect to what extent this event opens a new chapter for motor sport. First, the chapter discusses the interplay between sports and the media business and puts corporate integration between sports and media organisations into historical perspective. It claims that any trend towards ownership of sports organisations had been subsiding since the late 1990s, but that vertical takeovers have received renewed interest lately. Second, the chapter describes the shifting ownership structure of F1 and examines the latest acquisition by Liberty Media. With this deal, the former cable company further develops into an entertainment conglomerate with multiple activities in the growing leisure business. Finally, the chapter elaborates on the possible commercial future of F1 as a media sport and critically examines Liberty’s strategy to grow audiences and fully embrace digital media while protecting its broadcast television revenues.}},
  author       = {{Evens, Tom and Tickell, Samuel and Naess, Hans Erik}},
  booktitle    = {{The history and politics of motor racing : lives in the fast lane}},
  editor       = {{Sturm, Damion and Wagg, Stephen and Andrews, David L.}},
  isbn         = {{9783031228278}},
  issn         = {{2662-3404}},
  language     = {{eng}},
  pages        = {{571--592}},
  publisher    = {{Springer}},
  series       = {{Global culture and sport series}},
  title        = {{Ecclestone out, Liberty Media in : a look into the shifting ownership structure of Formula One}},
  url          = {{http://doi.org/10.1007/978-3-031-22825-4_22}},
  year         = {{2023}},
}

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