FWONA

Formula One Group (NASDAQ:FWONA) is the commercial rights holder for Formula 1, the world's premier motorsport championship. Founded in 1950 as a racing competition, the modern commercial entity was established when Liberty Media Corporation acquired Formula 1 in 2017 for $4.4 billion. The company is headquartered in Englewood, Colorado, and operates as a subsidiary of Liberty Media Corporation. Formula One Group holds the exclusive commercial rights to the Formula 1 World Championship, which features approximately nine months of racing competition where teams compete for the constructors' championship and drivers compete for the drivers' championship across multiple countries worldwide.