McLaren Racing boss Zak Brown believes Formula 1's development and success will lead to billion-dollar valuations for its top teams in the not-too-distant future. But Brown believes the time isn't far away when F1's top teams will command a one billion-dollar plus valuation. "I think Formula 1 teams can definitely be worth billions," said Brown recently. "Now that Liberty has come in and made the sport financially viable, financially sustainable, we’ve seen rapid growth in countries wanting races. While comparison is not reason, Brown believes there's a case to be made for F1's teams to be considered under-valued relative to other sports franchises.

Source: Forbes November 01, 2021 13:00 UTC