On July 1, 2025, Liberty Media closed financing for Formula 1, which included a $150 million increase to its Term Loan A and an $850 million increase to its Term Loan B, totaling commitments under a $3.87 billion facility. Also, on July 3, 2025, they completed the acquisition of 84% equity in Dorna Sports for $2.3 billion in cash and $1 billion in borrowings.