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F1 2023

Liberty Media sports empire tops Forbes rich list

After a successful year for Formula 1 in 2022, Liberty Media has been named as the most valuable sports empire in the world.

France start
To news overview © XPB

Liberty Media has topped a list of the most valuable sports empires in the world, having amassed a worth of $21 billion.

In Forbes' list of the world's most valuable sports empires for 2023, Liberty topped the rankings after a successful year for Formula 1 in 2022.

The enterprise value of F1 is given as $17.1 billion, with its continued growth in the United States marked by record viewing numbers across the ESPN networks and a new television deal reportedly worth 15 times the previous amount.

Liberty's other primary asset is the Atlanta Braves Major League Baseball team, worth $2.1 billion.

The second-placed sports empire on the list is Kroenke Sports & Entertainment, valued at $12.75 billion, with Jerry Jones in third at $11.32 billion.

Six years on from Liberty Media takeover

The news comes six years on from Liberty Media's purchase of the Formula One Group in January 2017.

During this process, Bernie Ecclestone was removed from his position as boss of the group following nearly 40 years in the role.

Chase Carey took over as CEO before moving to the position of non-executive chairman in 2020, while Stefano Domenicali became CEO in 2021.

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