Formula 1 (F1) is the premier global motor racing championship renowned for its high-speed competition, advanced technology, and worldwide popularity. Established in 1950 with the inaugural race at Silverstone Circuit in the United Kingdom, it was created under the Fédération Internationale de l'Automobile (FIA) to formalize Grand Prix racing into a standardized championship[1][4][5]. Giuseppe Farina won the first championship, but it was Juan Manuel Fangio who dominated the 1950s with five titles, setting a benchmark for excellence[3][5]. Over the decades, Formula 1 evolved from a primarily European sport into a global spectacle, featuring legendary teams like Ferrari, Lotus, McLaren, and dominant drivers such as Ayrton Senna and Alain Prost, whose fierce rivalry in the 1980s captivated fans worldwide[5]. The sport is distinguished by continuous technological innovation, pushing the limits of automotive engineering, including the development of turbocharged engines and cutting-edge aerodynamics[5]. Commercially, Formula 1 transformed under the leadership of Bernie Ecclestone from the 1970s onward, who centralized its commercial rights and negotiated lucrative television contracts, turning F1 into a multi-billion-dollar enterprise[1][2][3]. The formation of the Formula One Constructors’ Association (FOCA) and subsequent Concorde Agreements consolidated control over TV rights and revenues, fostering financial growth and global exposure[2]. In 2017, Liberty Media acquired Formula One Group, modernizing its digital presence and expanding its appeal to younger audiences, with 2024 revenues reaching $3.222 billion[1]. Today, Formula 1 operates as a sophisticated business and technology platform, managed by Formula One Management (FOM) under Liberty Media, while the FIA governs sporting and technical regulations to ensure competition fairness and safety[4]. The sport also actively engages in social initiatives, such as the #WeRaceAsOne campaig