- Liberty Global acquires a controlling 65% stake in Formula E.
- Liberty Global and Liberty Media, both led by John Malone, now control major motorsport series.
- Formula E focuses on sustainability and cost-effectiveness, challenging Formula One.
Liberty Global has acquired a controlling 65% stake in Formula E, the electric car racing championship, by purchasing Warner Bros Discovery’s shares. This move enhances Liberty Global’s presence in motorsports, complementing Liberty Media’s control of Formula One.
Despite shared ownership, Liberty Global CEO Mike Fries confirms that Formula E and Formula One will operate independently. Fries highlights the need for capital and commitment in Formula E, aiming to support its growth and technological advancements. Formula E CEO Jeff Dodds underscores the series’ rapid growth, cost-effectiveness, and sustainability, presenting it as a strong competitor to Formula One.
