Maffei cautioned that, as the series continues to become more financially successful in the coming years, Liberty expects to claim more of the overall income, at the expense of the teams. Photo by: Mark Sutton / Motorsport Images Stefano Domenicali, CEO, Formula 1, with Greg Maffei, CEO, Liberty Media Corporation I think we have a long trajectory of success in front of us. 2022 is going to be a step up, but certainly not the last one. “All those pieces about demand, all those pieces about the strength of the system, all set up well for future success. So I think there's a lot of things that are setting up well for us. "The interest you're seeing from new entrants to come in and buy teams is only an echo of that success. “So in many ways, the teams have gotten that success because it was necessary to make them healthy for us to get to build to the next level. And we knew that was necessary, and the actions we took with the budget cap and the like, and changing some of the payouts, all were designed to create health of the ecosystem. “And I think that's because, guess what? The value of the teams has gone up dramatically.
And I appreciate all the kind words they now say about Liberty, and about F1's management. “You've really seen the strength of the teams do so much better. “One of the important things was to help the ecosystem,” he said in a call with Wall Street analysts. Maffei says that helping the teams get into good shape was part of Liberty’s overall strategy. Teams have also benefited from a more favourable Concorde Agreement, which was negotiated by former F1 boss Chase Carey last year. Max Verstappen, Red Bull Racing RB16B, Lewis Hamilton, Mercedes W12, Sergio Perez, Red Bull Racing RB16B, Carlos Sainz Jr., Ferrari SF21, Daniel Ricciardo, McLaren MC元5M, Charles Leclerc, Ferrari SF21, and the rest of the field at the startĪt the recent US GP, team bosses noted that their organisations are set to become more profitable, thanks in large part to the introduction of the budget cap in 2021, which has reined in the spending of the big players.
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