What are the differences between the FIA, Formula 1 and Liberty Media?
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FIA is the international motorsport association.
They have a number of different racing championships where people race each other based on a common formulation of rules Formula One is the most famous of those but there are many others.
The right to commercialize the F1 races for TV etc used to be owned by the Formula One Group. Liberty Media bought that company a few years back.
FIA make the rules and govern the sport like FIFA for football. Formula 1 refers to the cars there is also Formula 2. Liberty media owns the commercial rights to run the races and sell the TV pictures. Teams pay liberty media a fee to enter the championship, race tracks pay a big fee to host a race, sky pay a big fee to show the races.
A lot more going on but that’s the basics.
FIA is a sports association for a number of motorsports. They make the rules for the sports and organise racing series. The sports include Formula 1 and other Formula racing, the World Rally Championship and the World Endurance Championship. Liberty Media owns the Formula One Group. This is the company which promotes the Formula 1 Championship and have the exclusive rights to film the events and sell tickets to the events.
So the FIA set the rules for the sport and deal with the racing teams and the track while Liberty Media is the one marketing the sport and deal with TV rights, visitors and viewers, sponsors, etc. Very simplified FIA deals with everything on the track side of the barriers while Liberty Media deals with everything outside the barriers. But of course it is a cooperation between FIA, Liberty Media, the racing teams and the track owners.
FIA = Governing body of the sports (the “refs”)
FOM = manager of the sports and owners of the teams
Liberty media = media rights owner of F1 as well as owners of the Formula One racing series
The FIA (Fédération Internationale de l’Automobile) is the world’s governing body for motorsport, overseeing regulations, safety standards, and promoting awareness. Formula 1 (F1) is a popular sports series with a long history, owned by the FIA from a sporting perspective, controlling the name, rulebooks, and standards. In contrast, the Formula One Group under Liberty Media owns the commercial rights to F1, responsible for its organization and promotion. Liberty Media, an American mass media company, acquired F1’s commercial rights in 2017 from CVC Capital Partners. This ownership structure delineates the roles: the FIA governs the sport while Liberty Media manages its commercial aspects[2][5].
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