For the second year in a row, Forbes magazine named Liberty Media, owner of Formula 1, the most valuable sports empire in the world.
The value of Liberty Media’s total assets is estimated at $18.22 billion. This is 12% less than last year, but this decrease is due to the fact that Liberty Media spun off its baseball club Atlanta Braves into a separate company in July 2023.
Kroene Sports and Entertainment took second place in the rankings. The company, which owns American football companies Los Angeles Rams, basketball players Denver Nuggets and soccer players Arsenal, is valued at $15.59 billion (up 22% year-on-year).
The top three is completed by Fenway Sports Group, whose fortune is estimated at $12.95 billion (up a whopping 25% from last year). The group’s assets include the Boston Red Sox baseball team, the Pittsburgh Penguins hockey team and the Liverpool football team.
Fenway Sports Group is indirectly linked to Formula 1, as a minority shareholder in Arctos Partner, which acquired a stake in the Aston Martin team last year.
Source: F1 News
I am Christopher Clyde, an experienced journalist and content writer with a passion for sports. I have been writing about Formula 1 news for the past five years and am currently employed as an author at athletistic.com, one of the top sports websites in the US.
