Liberty Media is the parent company of two global motorsport leagues: Formula 1 (F1) and MotoGP. F1 holds exclusive commercial rights to the FIA Formula One World Championship through 2110, and MotoGP holds exclusive rights to the FIM Grand Prix World Championship through 2060. Liberty acquired its 84% stake in MotoGP in July 2025, adding to its long-standing ownership of F1. Both businesses monetize their commercial rights through three core channels: media rights (licensing broadcast rights to TV networks and streaming platforms), race promotion fees (charging circuit operators and governments for the right to host events), and sponsorship (selling multi-year partnership packages to global brands). Contracts across all three channels are typically multi-year with annual escalators, giving both businesses high revenue visibility. F1 runs roughly 24 races per year across ~20 countries and has an 826M-strong global fan base. MotoGP runs ~22 races per year across ~18 countries with a 632M global fan base. F1's profitability is closely tied to team payments under the Concorde Agreement, which are calculated as a fixed percentage of F1's adjusted earnings, creating operating leverage as revenue grows. Liberty's strategy for MotoGP draws directly on the F1 playbook: building out sponsorship sales, expanding the race calendar into new markets, and closing a large monetization gap—F1's audience is roughly double MotoGP's, but F1 monetizes at roughly 5–10x MotoGP's levels, particularly in sponsorship and hospitality.