Liberty Media, the powerhouse behind Formula 1’s commercial rights, has been declared the world’s most valuable sports empire by Forbes magazine. Despite experiencing a 12 percent drop in value year-on-year, Liberty Media’s staggering worth of $18 billion puts it at the pinnacle of global sports empires.
Liberty Media’s extensive portfolio extends beyond Formula 1, encompassing a variety of media and entertainment assets. This includes controlling stakes in SiriusXM, Live Nation, and the Atlanta Braves, a major league baseball team. These diverse holdings contribute significantly to the company’s immense valuation.
This valuation places Liberty Media comfortably ahead of its closest competitors in the sports empire rankings. With a $3 billion lead over Kroenke Sports, which owns Arsenal FC among other sports teams, and a $5 billion advantage over Fenway Sports Group, known for its ownership of Liverpool FC, Liberty Media stands as the unrivaled leader in the sports business landscape.
The Forbes ranking highlights the immense commercial success and influence of Liberty Media, particularly in the world of Formula 1, where it has played a pivotal role in shaping the sport’s current global appeal.
