When an investment firm Liberty Media bought Formula One last year for $4.6 billion, it inherited serious problems. The ten teams that compete for the championship are similar to every other sport team on the planet in that the measure of their success isn’t their profit margin, but rather the results on the board.
There has been a lot of resistance to accept Azerbaijan participation in the organization of F1 Grand Prix. However, Azerbaijan has proven to be a good organization and host and this is why the contract with F1 was prolonged until 2024.
A lot of companies that produce formulas are trying to get ahead of their competitors when it comes to the quality of the vehicles that they are producing. Because of that, we are going to have some cars looking like they came straight to the future.
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