Stefano Domenicali is set to renew his contract as F1 CEO, while Liberty Media consolidates its structure and reaffirms its long-term commitment to the championship, denying Saudi offers.
From 2021, Stefano domenicali is leading Formula 1 as CEO, who replaced the American Chase carey. His experience at the top of Ferrari e Lamborghini has made him a central figure in managing the complex ecosystem of F1 with the realisation of long-term objectives, such as achieving sustainability ZeroCarbon by 2030.
Domenicali is currently engaged in negotiating the new Concorde Agreement, one of the pillars for the future of the category. Its five-year contract expires in 2025, but negotiations for the renewal are already underway and seem destined for a positive outcome.
Despite recent rumors about a possible change of role, it has been confirmed that Domenicali will remain firmly in command of F1. THE speculation about a his involvement in MotoGP, linked to the acquisition of the series by Liberty Media, have not been denials openly. In any case, Domenicali himself reiterated his commitment to F1, stressing that there will be no abandonment of his current responsibilities.
Greg Maffei's Farewell and the Birth of Liberty Live
Liberty Medium has recently announced CEO Greg Maffei's departure, a central figure in the acquisition of Formula 1 in 2017 and in the growth of the Circus. Although his farewell had been planned for some time, Maffei will continue to support the company as a consultant during the transition phase. Liberty Media has in fact started a reorganization that includes the creation of Liberty Live, a parallel division dedicated exclusively to theEntertainment.
The MotoGP Acquisition and Domenicali's Role
THEMotoGP Acquisition by Liberty Media is still undergoing approval by the Antitrust. Once completed, an era of renewal is expected for the top two-wheel series, with a focus on sustainability and technological innovation. Although Sundays has no intention of leaving F1, according to Dutch journalist Jack Plooij (Ziggo Sport) he has been offered a role strategic consultancy in MotoGP, without however interfering with his current commitments.
Saudi Sirens for F1
In recent months, there has been discussion about a possible Saudi Arabia's offer to buy Formula 1, with figures exceeding 20 billion dollars. Liberty Media, however, reiterated that F1 is not for sale. Greg Maffei stated that “Liberty Media would ask for much more” to sell one of its key assets, confirming the group's long-term commitment to motorsport.
With the renewal of Stefano Domenicali and an internal reorganization that aims to optimize resources, Liberty Media confirms a strong commitment to the future of Formula 1. With clear objectives, such as global expansion and sustainable innovation, the top category of motorsport seems destined to further consolidate its central role in the sport and in international business.
