{"id":249200,"date":"2025-10-29T18:24:10","date_gmt":"2025-10-29T18:24:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/249200\/"},"modified":"2025-10-29T18:24:10","modified_gmt":"2025-10-29T18:24:10","slug":"malone-to-step-down-as-chairman-of-f1-owner-liberty","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/249200\/","title":{"rendered":"Malone to step down as chairman of F1 owner Liberty"},"content":{"rendered":"

John Malone will step down as chairman of Liberty Media and Liberty Global, the company that owns both Formula 1 and MotoGP, to be replaced by Robert R. “Dob” Bennett at the start of next year.<\/p>\n

Malone will be installed as chairman emeritus when Bennett takes over as chairman, having led Liberty Media’s expansion into the ownership of various motorsports properties over the past decade.<\/p>\n

Liberty formally took over Formula 1 in 2017<\/a> after agreeing a deal in the previous season and has overseen the championship’s growth through a much greater media presence and the success of its Netflix series Drive to Survive.<\/p>\n

Under Malone, Liberty also acquired Dorna<\/a> – the holding company of MotoGP and its affiliated series – following approval from the European Commission.<\/p>\n

Having made his money in the cable television industry, Malone started Liberty Media as an off-shoot of cable TV brand Tele-Communications Inc (TCI), of which Malone had been a part of its growth over the 1970s and 1980s.<\/p>\n

\u201cFounding Liberty Media and serving as its chairman has been among the most rewarding experiences of my professional life,\u201d said Malone.<\/p>\n

\"John <\/p>\n

John Malone, Chairman, Liberty Media, and Chase Carey, Chairman, Formula One<\/p>\n

Photo by: Steven Tee \/ Motorsport Images<\/p>\n

\u201cWith the successful simplification of our portfolio in recent years and our operating businesses in positions of strength, I believe it is an appropriate time to step back from certain of my obligations, and I am very pleased to have Dob Bennett, my partner and colleague of 35 years, stepping into the chairman role.<\/p>\n

“Dob has been involved in all key decisions throughout Liberty Media\u2019s history, and I am confident that Liberty is well-positioned for the future. I look forward to remaining actively engaged as a large Liberty shareholder and a strategic advisor to our management and board.\u201d<\/p>\n

Read Also:<\/p>\n

Bennett has been a director of Liberty Media since 1994, acting as the company’s president and CEO from 1997-2005. He will form one third of Liberty’s executive committee with current president and CEO Derek Chang, and former F1 CEO Chase Carey.<\/p>\n

\u201cI want to thank John for more than three decades of partnership and mentorship,” said Bennett. “His legacy as a visionary business leader is without parallel and I am deeply grateful for his confidence.<\/p>\n

“I speak for the entire board in thanking John for his extraordinary leadership as our chairman and for his continuing engagement as chairman emeritus.”<\/p>\n

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– The Autosport.com Team<\/p>\n","protected":false},"excerpt":{"rendered":"John Malone will step down as chairman of Liberty Media and Liberty Global, the company that owns both…\n","protected":false},"author":2,"featured_media":249201,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[573],"tags":[64,63,141204,817,813,816,147826,141203,85],"class_list":["post-249200","post","type-post","status-publish","format-standard","has-post-thumbnail","category-formula-1","tag-au","tag-australia","tag-autodromo-hermanos-rodriguez","tag-f1","tag-formula-1","tag-formula1","tag-malone-to-step-down-as-chairman-of-f1-owner-liberty","tag-mexican-gp","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/249200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=249200"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/249200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/249201"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=249200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=249200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=249200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}