The outgoing CEO of Formula One’s owner, Liberty Media, does not think there is “any plan to sell” the racing series, saying it has a “great future.” Liberty announced on Wednesday that Greg Maffei, who has served as its CEO for 19 years, will step down from his role at the end of the year upon the expiration of his contract.

Greg Maffei is stepping down as president and chief executive of Liberty Media, the company that owns Formula 1. Liberty Media said Wednesday that Maffei would leave his role when his contract expires at the end of the year and become an adviser.

Key Takeaways Liberty Media is spinning off most of its entertainment assets besides Formula One into a separate, publicly traded entity, Liberty Live.CEO Greg Maffei will step down at the end of the year,

As a Formula 1 driver, one might naturally expect Mercedes' Lewis Hamilton to be an avid collector of the latest supercars and hypercars fresh off the showroom

Lewis Hamilton's Ferrari rumors have been debunked, confirming his move to Ferrari in 2025 after completing his contract with Mercedes in 2024.

Lewis Hamilton will first test a Ferrari F1 car early next year, with the prospect of him driving at the 2024 post-season test in Abu Dhabi a non-starter. Seven-time F1 world champion will leave Mercedes after 12 years at the Silver Arrows at the end of the season and only has three races left before he moves to the Scuderia in 2025.

Roger Penske on Thursday added the most prestigious street race in North America to his portfolio with the purchase of the Grand Prix of Long Beach. Forsythe bought Kalkhoven's shares earlier this year amid reports both Formula 1 and NASCAR were interested in North America's longest-running street race.

Roger Penske added the most prestigious street race in North America to his portfolio with the purchase of the Grand Prix of Long Beach.

Roger Penske, the renowned racing mogul, has expanded his motorsport empire with the acquisition of the Grand Prix of Long Beach, North America's most prestigious street race.

F1 is coming back to the Las Vegas strip and race day preparations are underway. Barricades and race equipment are slowly taking over the iconic strip for on of the few city circuits in the F1 calendar.

Las Vegas Grand Prix organisers have ruled out one day following Formula One's other U.S. rounds in Austin and Miami and switching to a sprint format.