Liberty Media is continuing its financial re-engineering of the Formula 1 group, with a new programme to rid the business of debt. Liberty says it will “launch a process to refinance the $3,302 million” that is owed by various subsidiaries of Delta Topco Limited, the Liberty subsidiary which is the F1 holding company. In addition to this the company says that the subsidiaries will repay up to $400 million, using a combination of excess cash and other less burdensome loans. This must all be seen as being in the best interest of the sport, as this will reduce the debt repayments that will eat into future profits.

The previous owners of the sport used to debt to take out money, leaving the sport to carry the burden.