Liberty CEO: Verstappen’s F1 dominance ‘challenging’ but we can’t help

Liberty Media's Greg Maffei joked the only way he could stop Max Verstappen was through physical interventions.

-

Formula 1 owner Liberty Media‘s chief exuecit veGreg Maffei insisted the sport remains a ‘very attractive competitive product’ but conceded Max Verstappen‘s dominance is a challenge – and added there isn’t much he can do about that.

F1 posted a small profit in their 2023 second-quarter financial figures, despite losing $20 million in revenue due to the cancellation of the Emilia Romagna Grand Prix, and have seen TV viewership drop, including almost a 25% plunge for the 2023 Miami GP.

Verstappen is set to win his third consecutive F1 drivers’ championship having won a record-breaking 10 successive races and only failed to win two grand prix all season.

“The challenge obviously is Max Verstappen is having an unbelievable year, or record-setting year,” Maffei told a Goldman Sachs event. “The midfield is quite interesting, and we can show statistically there’s more overtaking than has ever occurred.

“The reality is we have a very attractive competitive product, other than the fact that Max is that fast. Stefano Domenicali is rightly trying to pivot and say, ‘Come watch this historic event, you’ve never seen success like this, you don’t want to miss it.’ We’ll see if that works.”

Maffei added that aside from F1 going to extreme lengths, it was down to Red Bull‘s rivals to overcome the gap to Verstappen.

He even referenced the infamous Nancy Kerrigan assault, the figure-skater who was bludgeoned in the knee with a baton by the ex-husband of rival Tonya Harding in an attempt to put her out of contention for the 1994 Olympic team.

“Short of breaking his leg, a la Tonya Harding, I’m not sure what we can do about that,” added Maffei jokingly. “But he’s a phenom. He’s driving what seems to be the fastest car and he’s driving it very well.

“If you look at the lines he’s taking, how aggressive those lines are, but how well he’s able to navigate them, it’s truly stunning. And you can see statistically why he is faster than anybody else.”

Maffei: Interest in F1 never been higher

Greg Maffei, CEO of Liberty Media, talks with Red Bull team principal Christian Horner on the grid of the 2023 Canadian GP | Alex Bierens de Haan/Getty Images / Red Bull Content Pool

Maffei added interest in F1 is very strong, despite a drop in TV figures thanks to the all-conquering Verstappen.

The nearly-quarter drop in viewership for the 2023 Miami GP compared to 12 months earlier was particularly noted, but Maffei said he wasn’t concerned about the apathy from some fans.

He also highlighted he role ‘individual circumstances’ could play race-to-race – saying the Miami GP was impacted by the city’s NBA team, the Heat, playing an NBA play-off game on the same day.

“I think you need to look at overall interest in the sport, viewership is a little tough,” Maffei added. “We’ve had many successes this year, I think three of the top four races here in the United States were all this year in terms of viewership, and our average viewership is up year over year.

“If you take the totality of interest as measured by growth, not only in linear TV, but how much we’ve grown Instagram, YouTube views, TikTok views, the amount of interest in the sport has only catapulted greater, much greater than double digits. So I’m convinced our demand is very high.”

“And when we had bidding last year for the sport we had enormous interest from some players, we cut a relatively short deal in the US, three years, we already have players asking how do we get in for the next one.”

Adam Dickinson
Adam Dickinson
An international multi-award-winning journalist, Adam Dickinson has written for Total-Motorsport.com since June 2022 and also contributes to TNT Sports, Eurosport and the Rugby Paper. He's also had articles published in the Daily Telegraph and several local newspapers, previously worked for Last-Lap.co.uk and FeederSeries.net in motorsport, and graduated with a First-Class Journalism Degree from the University of Sheffield having also studied in Oklahoma. Adam started watching F1 by accident in 2007, catching the last race in Indianapolis, and attended his first race as a journalist at the 2023 British Grand Prix.
- Advertisment -

LATEST NEWS

Alex Bowman celebrates victory at the 2024 Chicago Street Race | NASCAR

How rain strategy helped Alex Bowman end his drought in Chicago

0
Alex Bowman and his job with Hendrick Motorsports was never really in question as his contract runs through the...
Lewis Hamilton, Lando Norris and Max Verstappen 1 at the 2024 British GP | Mercedes

F1 Driver Ratings — 2024 British GP

0
Lewis Hamilton finally ended his long wait for a race victory at the Formula 1 2024 British GP as...
George Russell leads the field into Turn 1 at the 2024 British GP | Mercedes

F1 Winners and Losers from the British GP

0
Lewis Hamilton emerged victorious in one of the most memorable races in recent Formula 1 history, which begs the...
Lewis Hamilton celebrates after winning the 2024 British GP | Mercedes

Lewis Hamilton masterclass proves he can take fight to Verstappen

0
Lewis Hamilton basked in the glory of his long-awaited victory at the British Grand Prix, celebrating in front of...
Max Verstappen looks on at the 2024 Austrian GP | Chris Graythen / Getty Images / Red Bull Content Pool

Max Verstappen rues ‘poor’ British GP as Red Bull battle rare issue

0
Max Verstappen conceded it was a "poor afternoon" for Red Bull at the Formula 1 2024 British Grand Prix...
Lando Norris with engineers at 2024 British GP | McLaren F1 Team

Are McLaren becoming ‘new Ferrari’ after another strategy blunder?

0
Lando Norris' media appearances after the British GP were a genuinely tough watch, with reporters seemingly counselling the 24-year-old...
Race winner Lewis Hamilton of Mercedes Max Verstappen on the podium after the 2024 British Grand Prix | Getty Images / Red Bull Content Pool

Lewis Hamilton: British GP win more crucial to Mercedes than Russell victory

0
Lewis Hamilton explained why he felt his victory at the Formula 1 2024 British Grand Prix on Sunday was...
Carlos Sainz at the 2024 Austrian GP | Scuderia Ferrari Press Office

F1 2024 British GP – Fastest Lap

0
Carlos Sainz snatched the fastest lap at the 2024 British GP at the final opportunity as an all-time classic...
Lando Norris during 2024 British GP | McLaren F1 Team

F1 Standings after 2024 British Grand Prix

0
An emotional 2024 British Grand Prix saw Lewis Hamilton take a record-breaking win at Silverstone, outsmarting Lando Norris and...
Max Verstappen leads Lando Norris of McLaren during the 2024 British Grand Prix | Getty Images / Red Bull Content Pool

F1 2024 British GP: Driver of the Day

0
There is a reason why the British Grand Prix remains the hottest attraction on the Formula 1 calendar and...
- Advertisment -