TIVP071 (Video): Formula One Group (FWONA): The Only Sports Franchise Worth Owning w/ Kyle Grieve & Shawn O'Malley

About this episode

Kyle Grieve and Shawn O'Malley analyze the business dynamics of Formula One Group, exploring its revenue generation and financial structure.

Kyle Grieve and Shawn O’Malley analyze Formula One Group, a business that commands nearly a billion global fans, generates billions in revenue from only 24 live events, and boasts free cash flow margins nearly any business would envy. They’ll trace the company’s growth history, untangle its complex capital structure, and assess its current debt situation. IN THIS EPISODE YOU’LL LEARN: (00:00:00) Intro (00:01:13) How F1 generates billions of dollars from 24 live events (00:02:39) Why most sports franchises fail to produce cash flow (00:04:31) How Liberty got away from the tracking stock structure to simplify things (00:15:33) How the Concorde agreements pose risk (00:20:31) The debt structure Liberty built to help build sustainable cash flow (00:34:49) Details of F1 Group’s other surprising racing league (00:42:22) How Netflix’s streaming coverage of F1 helped grow the sport (00:54:53) Why the business remains capital light (01:03:14) Valuation discussion of F1 Group (01:04:23) How cross-promotions and synergies create exciting new growth levers (01:09:51) Intrinsic value of F1 Group (01:11:36) Portfolio decision on F1 Group Disclaimer: Slight discrepancies in the timestamps may…

People in this episode

Guests: Kyle Grieve, Shawn O'Malley

Topics covered

• Formula One
• sports franchises
• business analysis
• cash flow
• capital structure
• debt management
• valuation

Keywords

• Formula One
• cash flow
• sports franchises
• Liberty
• debt structure
• valuation
• Netflix

Mentioned in this episode

Organizations: Formula One Group, Liberty, Netflix

More episodes of The Intrinsic Value Podcast - The Investor’s Podcast Network

• TIVP076 (Video): Grab Holdings (GRAB): Why Uber Surrendered Southeast Asia w/ Daniel Mahncke & Shawn O’Malley · June 10, 2026 · 1h 21m
• TIVP075 (Video): WIX: The Most Asymmetric AI Bet? w/ Daniel Mahncke & Shawn O’Malley · June 7, 2026 · 1h 16m
• TIVP074 (Video): Lifco AB (LIFCO-B.ST): The Serial Acquirer Building an Unstoppable Compounding Engine w/ Kyle Grieve & Shawn O'Malley · June 3, 2026 · 1h 24m
• TIVP073 (Video): NVR (NVR): What's Next for One of History's Greatest Compounders? w/ Kyle Grieve & Shawn O'Malley · May 31, 2026 · 1h 29m
• TIVP072 (Video): Sea Limited (SE): Can Sea Limited 10x Again? w/ Daniel Mahncke & Shawn O’Malley · May 24, 2026 · 1h 39m
• TIVP070 (Video): Microsoft (MSFT): Is Microsoft a Misunderstood AI Opportunity? w/ Shawn O'Malley & Daniel Mahncke · May 10, 2026 · 1h 33m