Formula 1 Could Secure Lucrative Media Rights Deal. Investors May Be Wanting More.

Formula 1 Could Secure Lucrative Media Rights Deal. Investors May Be Wanting More.
·2 min read

Liberty Media’s Formula 1 is on track to renew its U.S. broadcasting deal with ESPN, securing a higher priced television contract through 2025, according to a report. Analysts had long expected Liberty Media (ticker: FWONA ) to negotiate a better deal for the U.S. broadcasting rights of Formula 1, given the motor sport’s rising popularity. Sports Business Journal reported Friday that F1 was poised to renew its deal with ESPN through 2025, valued between $75 million to $90 million a year.