What are the differences between the FIA, Formula 1 and Liberty Media?
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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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