AutoGear
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語
  • STANDINGS
No Result
View All Result
AutoGear
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語
  • STANDINGS
No Result
View All Result
AutoGear

Shockwaves in F1: Liberty Media Names Derek Chang as New CEO Amidst Major Motorsport Expansions

Arthur Ling by Arthur Ling
January 9, 2025
in Motorsports
Reading Time: 3 mins read
0
Shockwaves in F1: Liberty Media Names Derek Chang as New CEO Amidst Major Motorsport Expansions

In a seismic shift for Formula 1 and the motorsport world, Liberty Media has announced Derek Chang as its new President and Chief Executive Officer. Chang, a seasoned veteran in the sports entertainment industry with experience at the NBA, will officially take the reins next month, succeeding Greg Maffei, who stepped down in November.


A Strategic Appointment for a New Era

Derek Chang’s appointment comes at a pivotal moment for Liberty Media, which has been aggressively expanding its portfolio in motorsport. With Formula 1 achieving unprecedented global success and the group’s acquisition of MotoGP in the works, Chang’s expertise promises to steer Liberty into its next phase of growth.

Liberty Media Chairman John Malone, who served as interim CEO following Maffei’s departure, emphasized Chang’s credentials:
“Derek’s expertise in both operating and investment roles, his deep understanding of our industries, and his familiarity with Liberty make him the ideal leader for Liberty’s next chapter.”


The Visionary Behind the Wheel

Chang has served on Liberty Media’s board since 2021, providing him with an insider’s perspective on the organization’s strategies. His tenure in the entertainment sector, particularly with the NBA, positions him as a leader adept at navigating the intersection of sports, media, and technology.

In his first statement as CEO, Chang highlighted Liberty’s ambitious plans:
“Our focus is on supporting the growth of our attractive operating assets, including F1 and MotoGP, to sustain their momentum and invest for the future.”


MotoGP Acquisition Stirs the Pot

Liberty Media’s ongoing acquisition of MotoGP has caught the attention of the European Union, which has launched an investigation into the deal. Despite this, Liberty remains committed to integrating the world’s premier motorcycle racing series into its portfolio, further cementing its dominance in global motorsport.

MotoGP’s inclusion would align with Liberty’s F1 success, which continues to enjoy skyrocketing viewership and record-breaking attendance across its global calendar.


A Leadership Trifecta for the Future

Chang will lead Liberty Media alongside a newly formed executive committee that includes Chase Carey, the architect of F1’s resurgence, and Dob Bennett. F1 CEO Stefano Domenicali will report directly to this powerful trio, ensuring strategic alignment across all levels of the organization.

With Chang’s proven leadership and Liberty Media’s aggressive growth strategy, the future of Formula 1 and MotoGP looks poised for even greater heights.


Meta Description for SEO:

“Derek Chang steps in as Liberty Media’s new CEO, bringing expertise from the NBA to lead F1 and MotoGP into a bold new era. Discover how this leadership change will shape the future of global motorsport.

Share212Tweet133Send

Related Posts

George Russell’s Epic Showdown with Charles Leclerc: Unraveling the Drama of the Hungarian GP
Motorsports

George Russell’s Epic Showdown with Charles Leclerc: Unraveling the Drama of the Hungarian GP

Formula One F1 - Hungarian Grand Prix - Hungaroring, Budapest, Hungary - August 3, 2025 Mercedes' George Russell celebrates on...

by Miguel Cunha
August 4, 2025
Max Verstappen’s Secret Mercedes Talks Exposed: Media Avalanche and Outrage Explained
Motorsports

Max Verstappen’s Secret Mercedes Talks Exposed: Media Avalanche and Outrage Explained

Getty Images / Red Bull Content Pool

by Redação
August 4, 2025
Lawson Triumphs Over Verstappen in Grand Style, Redefining F1 Dynamics for the Future
Motorsports

Lawson Triumphs Over Verstappen in Grand Style, Redefining F1 Dynamics for the Future

Getty Images / Red Bull Content Pool

by Carl Harrison
August 4, 2025
Ferrari’s Heartbreak and Red Bull’s Demise: Dramatic Twists at F1 Hungarian Grand Prix
Motorsports

Ferrari’s Heartbreak and Red Bull’s Demise: Dramatic Twists at F1 Hungarian Grand Prix

Formula One F1 - Hungarian Grand Prix - Hungaroring, Budapest, Hungary - August 3, 2025 Ferrari's Charles Leclerc in action...

by Redação
August 4, 2025

Recent News

Fiscalização rodoviária: multas de trânsito aumentam 20%

“GNR in force on the road to monitor speeding.”

August 4, 2025
VinFast apresenta no CES “mini” SUV 100% elétrico

VinFast inaugurates its first factory in India.

August 4, 2025
Jogadores do Borussia de Dortmund vão receber elétricos da Polestar

Players of Borussia Dortmund will receive electric cars from Polestar.

August 4, 2025
BMW inicia produção em série da nova geração de motores elétricos

BMW begins series production of the new generation of electric motors.

August 4, 2025

Newsletter

  • PRIVACY POLICY
  • TECHNICAL INFORMATION
  • EDITORIAL STATUS
  • TERMS AND CONDITIONS

© 2023 AutoGear - Todos os direitos reservados AutoGear.

No Result
View All Result
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語

© 2023 AutoGear - Todos os direitos reservados AutoGear.

Enable Notifications OK No thanks