Formula 1

Hedge fund manager Bill Ackman has been known to make some startling calls, including a recent one that the U.S. economy is headed for a “train wreck.” Although, the billionaire investor could have a new place for investors to turn. What Happened: Ackman recently discussed his best...

After more than 20 years out of the sport, Ford Motor Company (NYSE: F) is returning to Formula 1 racing. Here’s a look at why the time is now for Ford and how it could help the automaker's push into electric vehicles. What Happened: Ford announced it is partnering with the Red Bull...

A leading media holding company that owns several entertainment assets and sports-related companies is reclassifying its public companies, a move that could give investors a more direct way to own a professional sports team What Happened: There are only a handful of sports teams that are...

Porsche will not be entering Formula 1 with Red Bull after all. Porsche was expected to purchase 50% of Red Bull’s F1 team and 50% of Powertrains, Red Bull’s new power unit manufacturer, according to a Financial Times report — but the pair weren’t able to...

As cryptocurrencies rocketed higher in 2021, one trend was crypto platforms and companies that operated in the sector seeing high revenue and growth. This inflow of money led to some massive sponsorships across professional sports. With the crypto bear market wiping out companies and growth, could...

Video game company Electronic Arts Inc (NASDAQ: EA) reported first-quarter financial results after the market close Tuesday. Here are the key highlights. What Happened: Electronic Arts reported first-quarter revenue of $1.767 billion, a 13.9% year-over-year increase. The total came in ahead of a...

The global racing sport of Formula One is seeing strong viewership and an increased fan base. The sport may find itself in PR crisis mode with its former CEO of 40-plus years making some positive comments about one of the most hated men in the world, adding to the recent controversy of people...

Leading sports network ESPN has renewed rights for one of the most popular racing leagues in the world, beating out several other players and raising the annual amount paid to the league. What Happened: Formula 1 has renewed its deal for U.S. media rights with ESPN, a unit of The Walt Disney...

The Denver Broncos are breaking records this week off the football field. The National Football League franchise is being sold to an ownership group that includes Rob Walton, one of the heirs of Walmart Inc. (NYSE: WMT), for a reported $4.65 billion. The sale price tops the $2.4 billion price tag...

Shareholders of Liberty Formula One (NASDAQ: FWONA)(NASDAQ: FWONK) could soon be excited as the global racing league continues to expand and grow its viewership across the U.S. The success will likely increase the amount the league gets in a new media rights deal. What Happened: As Benzinga...

"Top Gun: Maverick" has been a smashing success at the box office and now the director of the film, Joseph Kosinski, has a new gig: a Formula One movie starring Brad Pitt produced with Apple Inc (NASDAQ: AAPL).  A New Model: The project could change how streaming platforms handle...

The Formula One racing league announced a renewal with a major media company this week, posted earnings results and is preparing for a race in the U.S., a territory that has seen huge growth. Here’s the latest. What Happened: Publicly traded racing Formula One, which trades as...

Streaming giant Netflix Inc (NASDAQ: NFLX) is well-known for its partnered content and original programming. Could live sports and a continued focus on sports docuseries be a huge growth driver for the company going forward? What Happened: A new report from Front Office Sports highlighted ...

Racing league Formula One confirmed a third U.S. race to happen in 2023. Here are the details about the announcement and why continued growth for the league in the U.S. is so important for the company and potentially, the stock. What Happened: Formula One, a publicly-traded...

This article was co-written by Giada Palma. The year 2021 was marked by the entry of cryptocurrencies into the world of soccer. Of all sports, soccer proved to be the most receptive and interested in the opportunity to discover new funding and engagement for their fans. And while soccer...