Who ACTUALLY Owns Formula 1? FIA vs FOM vs Liberty Media — Explained

It confuses almost every fan — so here's the truth. Formula 1 isn't run by one company, it's three: the FIA governs the sport (rules and safety) but doesn't own it; FOM / Formula One Management runs the commercial business (calendar, TV, prize money) under a 100-year rights lease; and American media giant Liberty Media bought F1 in 2017 (from CVC, ~$8B) and owns it today. The 11 teams are bound to all of it by the Concorde Agreement. In 60 seconds.

Sources: Liberty Media, Autosport, Motor Sport, FIA (2026).

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