Formula One Holdings Limited is a British company that holds the exclusive commercial rights to the FIA Formula One World Championship. The company was founded in 1987 by Bernie Ecclestone and has its headquarters in London, England. Formula One Holdings Limited is responsible for the promotion and organization of the Formula One races, as well as the negotiation of broadcasting rights and sponsorship deals. The company generates revenue through a combination of race hosting fees, broadcasting rights, and sponsorship deals. Formula One Holdings Limited has been owned by Liberty Media Corporation since 2017.