Former F1 boss Chase Carey is back in the paddock in Abu Dhabi this weekend having been appointed a director of Liberty Media.
Carey was chairman of F1 from 2016 to 2022, and served as CEO from 2017 to 2021, before Stefano Domenicali took the reins.
He was responsible for pushing the cost cap through and getting the last Concorde Agreement across the line.
While he has visited US races since his departure he now has a formal role within the company that owns F1, serving on the executive board
His return comes ahead of the departure of Liberty Media CEO Greg Maffei in January, and amid recent speculation about Domenicali’s longer term future in F1. However sources indicate that he won’t have a hands-on role on matters such as the Concorde, and will be supporting Domenicali.
“Chase has been an excellent partner to Liberty for many years, from our investment in DIRECTV in 2008 to Liberty’s purchase of Formula 1 in 2017 where his role as CEO was key to securing the acquisition,” said Malone.
“He was instrumental in building a successful foundation at F1 from which the business has grown materially.
“Chase’s knowledge and expertise across media, entertainment, sports, business and more will be valuable to the board as our companies execute on their next chapters of growth and value creation.”
Carey added: “Liberty is at an exciting point in its storied evolution, with a more focused asset base centred around high-quality, premium sporting assets that I know well. I look forward to contributing to Liberty as a director in partnership with John, Liberty management and the portfolio company leadership.”
Adam Cooper F1 