July 6, 2022
The FIA Formula One World Championship, or Formula 1 or F1, is a track car sports category founded in 1950, whose competition officially started in the same year. In general, the series is considered to be the highest racing class at the international level of single-seater real racing cars in motorsport. The annual world championship series of the Formula 1 class consists of Grand Prix races held in different parts of the world during the year. The Formula 1 series competes for both drivers' and manufacturers' world championships. The Formula 1 series is organized by the FIA (Fédération Internationale de l'Automobile), whose president is currently Jean Todt. Commercial rights for the F1 series are managed and managed by Chase Carey. The CEO of the series is Stefano Domenicali. Motorsport Director Ross Brawn and Marketing Director Sean Bratches. The reigning driver's world champion of the series is the Dutchman Max Verstappen and the reigning manufacturer's world champion is Mercedes. In January 2017, the International Automobile Federation FIA approved the sale of the rights to the series to the American Liberty Media. The purchase price was about 4.4 billion dollars, or about 3.92 billion euros. Liberty Media, owned by John Malone, is the world's largest television and broadband company, operating in more than 30 countries. With the deal, the TV audience for formulas is expected to grow, because even though the sport is popular in Europe, for example, its popularity is quite low in the United States. F1 races in Finland were shown by MTV3 from the beginning of the 1990s and its pay channel C More Max from 2006. During the C More Max period, the competition became an hour-long compilation on the free MTV3 channel on the evening of the competition day, and the next day the competition was shown in its entirety. Starting from the 2017 season, the competitions have been narrated by Niki Juusela. Before Juusela, F1 races were narrated by Matti Kyllönen from the 1980s to 2000, Tomi Tuominen in the 2001–2003 seasons and Oskari Saari in the 2004–2016 seasons. From the 2022 season, the Formula 1 series will be shown on V Sport's pay channels.