Source: REUTERS/Leonhard Foeger
[Saba Sports News] Among numerous sports events, Forbes magazine recently ranked Formula 1 as the tenth most valuable sports event in the world. F1 racing has captivated fans worldwide with its unique competition rules and high-speed driving experience. Despite the high research and development threshold for F1 cars, its exceptional viewing value and cultural charm have made it one of the most valuable sports events globally. According to the financial statements of F1’s owner-owned media group, total revenue in 2023 reached 3.222 billion, with profits reaching 392 million. The annual viewership reached 60 billion. F1 themed documentaries have also gained significant success in recent years. The F1 documentary “Drive to Survive” attracted over 50 million viewers, including 30% who were introduced to F1 through the film. The list of “Top Ten Most Valuable Sports Events” includes the World Cup, European Championship, Champions League, Premier League, La Liga, Super Bowl, Bundesliga, Olympic Games, and Serie A, along with F1.