McLaren Racing CEO Zak Brown discussed the significant increase in the valuation of every Formula 1 team, now exceeding £1 billion ($1.3 billion), due to changes made under Liberty Media's ownership. Brown also mentioned plans for F1 expansion into new markets like Asia, India, and South Africa.
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Today I had the honor to converse with his excellency Dr. Fahad Toonsi (Chief Strategic Advisor for the Royal Court of Saudi Arabia) at Formula 1 in Jeddah. The Kingdom is truly doubling down on their ambitions for AI, stay tuned for some amazing announcements coming up very soon https://t.co/lQr3C3aomi
Formula 1 average team valuation is now $1.88 billion, more than triple the comparable $500 million mark from 2019. Check out Formula 1’s Most Valuable Teams 2023 @F1LasVegas @F1 @forbes https://t.co/smiqCc9goG
Ahead of the Saudi Arabian GP, McLaren CEO Zak Brown boasted that every F1 team is worth at least $1.3 billion, or £1 billion. Those figures differ from other valuations like Forbes, but even that list had an average team value of $1.88B—more than triple the mark from 2019.
“If we had more markets to go into I’d say a race in Asia, India, South Africa," McLaren Racing CEO Zak Brown discusses F1 expansion and team valuations at Bloomberg #PowerPlayers Summit in Jeddah https://t.co/XPczaSE48m https://t.co/eCY5GGLhAO
McLaren Racing CEO Zak Brown says the valuation of every F1 team is now worth “well north” of £1 billion ($1.3 billion), thanks to changes made under the ownership of Liberty Media https://t.co/xTh2y79D4y
At the Bloomberg #PowerPlayers Summit in Jeddah. CEO of @McLarenF1, @ZBrownCEO spoke about the expansion of @F1 and increasing the number of races across Asia. https://t.co/XSy1388KEy
"Every [F1] team is worth well north of a billion pounds." @ZBrownCEO @McLarenF1 speaks with @jasonkellynews on the future and expansion of @F1. https://t.co/j0tD0ySRH1