Head of F1 owner to leave role at key time for sport [Yahoo! Finance]
Liberty Media Corporation - Series A Liberty Braves (BATRA)
US:NASDAQ Investor Relations:
ir.libertymedia.com/stock-information
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Source: Yahoo! Finance
The 64-year-old American has been pivotal in the development of F1 since US company Liberty bought its commercial rights in 2017. His role will be taken by Liberty Media chairman John Malone on an interim basis from 1 January while Maffei stays on "to support the management transition". Maffei will be leaving at a key time for F1 - the commercial deals that bind the teams to the sport are being renegotiated before they expire at the end of 2025. The sport is also facing an investigation from the US department of justice over its rejection of an entry bid from American racing organisation Andretti. This has led to tensions in recent months within F1 Management, the company owned by Liberty, sources have acknowledged, although these are said now to have eased and Maffei's departure is not related to the Andretti saga. There has also been upheaval in recent weeks with the departure of long-time F1 lawyer Sacha Woodward-Hill, a former confidant of former F1 boss Bernie Ecclesto
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BATRA
Earnings
- 11/6/24 - Miss
BATRA
Sec Filings
- 11/20/24 - Form 425
- 11/14/24 - Form SC
- 11/14/24 - Form 425
- BATRA's page on the SEC website