The Formula One Group is the organization responsible for managing the commercial rights and operations of the Formula One racing series. It oversees the organization of races, marketing, and broadcasting rights, ensuring that the sport reaches a global audience. The group plays a crucial role in the financial and promotional aspects of the series. Founded in 1981, the Formula One Group is a subsidiary of Liberty Media Corporation. It works closely with teams, sponsors, and race organizers to enhance the sport's appeal and maintain its status as one of the premier motorsport competitions in the world.