FWONK - Liberty Media Series C Liberty

Liberty Media Corporation's Series C Liberty Formula One Common Stock (NASDAQ:FWONK) is a unique investment opportunity that taps into the high-octane world of motorsports. Through its subsidiary, Formula One Group, the company has a stronghold on the Formula One (F1) business, a premier international motorsports competition that captivates millions of fans globally.

As the commercial rights holder of the FIA Formula One World Championship, Formula One Group oversees a nine-month long racing extravaganza where top-notch teams and drivers compete for the coveted constructors' and drivers' championships. This prestigious event attracts massive audiences, generating significant revenue streams from broadcasting rights, sponsorships, and ticket sales.

Beyond the racing action, Formula One Group also operates the exclusive Formula 1 Paddock Club hospitality program, offering luxurious experiences to high-end clients. Additionally, the company provides essential logistical support to teams and other stakeholders, including freight, travel, and accommodation services. Its reach extends to the F2 and F3 race series, further solidifying its position in the motorsports ecosystem.

With a rich history dating back to 1950, Formula One Group has evolved into a global powerhouse, with its headquarters in Englewood, Colorado. As a subsidiary of Liberty Media Corporation, the company benefits from the parent company's resources and expertise, ensuring a strong foundation for continued growth and success.