-
Formula 1 Stock Hits 52-Week High, Announces 11th Team With General Motors/Andretti Global After Max Verstappen's Fourth Straight Title
Monday, November 25, 2024 - 7:15pm | 1075Formula 1 is expanding with an 11th team joining the global motorsport for the 2026 season, naming General Motors (NYSE:GM) with Andretti Global. While the new team is still over a year away from starting, it will add an increased American presence to the sport and more competition for recent and...
-
Formula One Rejects Andretti, General Motors Team Bid: What This Could Mean For US Growth, ESPN's Media Rights
Wednesday, January 31, 2024 - 4:19pm | 746Formula One rejected a proposal to add an all-American team to the racing series — a move that could stymie growth in the U.S. What Happened: Formula One, which trades as Liberty Formula One Group (NASDAQ:FWONA)(NASDAQ:FWONK), nixed a proposal by former Formula 1 driver Michael Andretti. Andretti,...
-
Formula 1 Had A Huge 2021 With Viewership, Race Growth: Here's What's In Store For 2022 (Including US Expansion)
Tuesday, February 22, 2022 - 2:26pm | 1054Leading global racing league Formula 1 turned in a strong 2021 with a first place battle for the ages. The company recently shared an update on viewership and growth seen in 2021 and has its sights set on the 2022 season, which kicks off this week. What Happened: Formula 1, publicly traded as...
-
Tiger Woods, Caroline Wozniacki, David Lee, Michael And Mario Andretti Among Latest Athletes To Join SPACs
Friday, January 14, 2022 - 5:18pm | 526Athletes and celebrities were among the names that attached themselves to SPACs in 2021 seeking to find private companies to take public. Here are two new SPACs that have athletes as part of the management teams. Sports & Health Tech Acquisition: Newly filed SPAC Sports & Health Tech...