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Published · transcript-backed

Ben Gilbert: evaluation

2 Mar 2026 Acquired Formula 1

“It eventually became the sport of rich guys who want to own teams to gallivant around Europe, losing colossal sums of money along the way. And in fact, David, since the sport began, over 100 separate teams have entered and exited the competition, mostly because they went bankrupt.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
evaluation
Recorded
2 Mar 2026
Publisher
Acquired
Episode
Formula 1

Transcript context

…I'm David Rosenthal. And we are your hosts. Today, we dive into a sport that started in the 1930s that began for the pure love of auto racing, extremely dangerous auto racing. Then, after World War II, the British Air Force veterans and mechanical engineers joined the sport to push the limits of technology and physics. It eventually became the sport of rich guys who want to own teams to gallivant around Europe, losing colossal sums of money along the way. And in fact, David, since the sport began, over 100 separate teams have entered and exited the competition, mostly because they went bankrupt. Today, the sport has been dragged kicking and screaming into being professionally managed and is now owned by the publicly traded U.S. company that has owned the Atlanta Braves, Sirius XM, and Live Nation. That is Liberty Media. And against all odds, Liberty has managed to turn the sport, the teams and the drivers the world's premier motorsport series. Woo. I was going to save this for later in the episode, but do you know what else among the many other like hundreds of companies that Liberty has owned? Do you know what else they owned? You won't guess it because there's so many. Excite at home.…

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