Formula 1 and Moto GP will have the same owner as Liberty Media announced a takeover of the motorcycling series in a deal worth £3 billion. Liberty, which bought F1 in 2017, is taking over Moto GP owner Dorna Sports, which it will buy from Bridgepoint and Canada Pension Plan Investment Board. The media company confirmed Moto GP will be added to the same tracking stock as F1.
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The Miami Grand Prix will join the Formula 1 calendar from the 2022 season on a circuit at Hard Rock Stadium. The race in Miami Gardens, Florida will join the calendar on a 10-year deal and become the country’s second race on the current schedule after the United States GP in Austin.
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Former Ferrari team principal Stefano Domenicali is to become President and CEO of Formula 1 in January 2021, with Chase Carey, the current Chairman and CEO, moving to the role of non-executive Chairman.
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The 2020 Formula 1 season is poised to start on July 5 with the Austrian GP the first of eight behind-closed-door European races in 10 weeks. After months of cancellations and postponements, the sport has revealed a bumper provisional calendar to return to track action.
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It is hoped the Formula 1 season can begin in July at the Austrian Grand Prix while the British Grand Prix is set to take place without spectators. The French Grand Prix has become the latest casualty of the pandemic hit season.
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