The Formula One Group has reported a profit of $17 million for 2019, according to financial results posted by Liberty Media which bought the commercial rights to the sport for $4.4 billion at the end of 2016. F1's overall income rose from $1,827 million in 2018 to $2,022 million last year. The positive news follows losses in 2017 and 2018 of $37 million and $68 million respectively, which Liberty put down to increased investment in areas such as expanding its digital media presence. That means a decline in the income paid out to the ten teams can be reversed. Between them, teams earned $966 million in 2016, which dropped to $919 million in 2017 and then $913 million in 2018, but the latest...
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