Formula 1 Racing

Replacing Maffei ‘won’t be easy’

Greg Maffei, Las Vegas, 2022

In the round-up: Liberty Media chairman John Malone says it will hard to find a replacement for outgoing CEO Greg Maffei (pictured).

In brief

Replacing Maffei ‘won’t be easy’

Liberty Media chairman, John Malone, says the group will not easily find a replacement for outgoing CEO Greg Maffei, who announced he will be stepping down last week.

“It ain’t gonna be easy, but we will find a CEO for the holding company who will continue to support Stefano [Domenicali] and the management team,” Malone told CNBC.

“Greg has assembled a great group of people at headquarters who will do the burden. At 83 years old, I’m unlikely to be a highly active CEO. My role is entirely transitional to support the team, seek to change the board of directors of Liberty Media in order to better focus on the racing businesses.”

JOTA confirms 2025 WEC line-up

Jota has announced its drivers for the 2025 World Endurance Championship as its switches from Porsche to Cadillac and adds an extra car.

The team will run two cars, the number 12 and the number 38, in the series. Jenson Button, Sebastien Bourdais and Will Stevens will be joined by Earl Bamber, Alex Lynn and Norman Nato.

The driver combinations will be confirmed at a later date.

Penske acquires Long Beach GP

Penske Entertainment, the owner company of IndyCar and the Indianapolis Motor Speedway, has announced it has purchased the promoters of the Grand Prix of Long Beach, one of the longest running and renowned events on the IndyCar calendar.

The race, which will hold its 50th anniversary event in 2025, had its largest post-merger race attendance last year.

“This is a major race weekend, not just on our calendar but across the motorsport landscape,” said Penske Entertainment CEO Mark Miles. “We’re committed to preserving the core attributes that make it best in class while also working on some exciting and bold initiatives to make its future even bigger and brighter.”

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