Has F1's new owner made a difference in its first year?
One year ago, Liberty Media took charge of Formula 1. What has it achieved? And more to the point, what is it building towards?
It was on Belgian Grand Prix Friday evening exactly a year ago that the hopes of most Formula 1 fans were raised sky high: news broke via a reputable British source that CVC Capital Partners, F1's commercial rights manager, had found a buyer for F1's 100-year rights.
F1's distaste of CVC was not unfounded: intent on listing the championship on Singapore's Stock Exchange, it had saddled F1 with massive debt, dysfunctional governance procedures and an inequitable revenue structure that rewards the majors simply for turning up every fortnight while largely ignoring the performances of independents. No car other than Mercedes, a Ferrari or Red Bull has won a race since.
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