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No. Formula 1 is owned by Liberty Media. FIA does not own any racing series. FIA is a governing body. > The FIA is the governing body for world motor sport and
by rad_gruchalski 4y ago
No. Formula 1 is owned by Liberty Media. FIA does not own any racing series. FIA is a governing body.
> The FIA is the governing body for world motor sport and the federation of the world’s leading motoring organisations. Founded in 1904, with headquarters in Paris, the Fédération Internationale de l'Automobile (FIA) is a non-profit making association. It brings together 244 international motoring and sporting organisations from 146 countries on five continents. Its member clubs represent millions of motorists and their families.
https://www.fia.com/fia https://www.fia.com/fia
- pier25 4y agoYes, the commercial rights, but who decides on the regulations of the sport? Who determines the penalizations when teams/drivers do not follow the rules? But anyway my point was that F1 is not "open source" and it's quite successful.
- rad_gruchalski 4y ago> but who decides on the regulations of the sport? The FIA. But not because the sport is owned by the FIA. Formula 1 has selected the FIA as its governing body, not the other way around.