ABU DHABI -- Formula One CEO Chase Carey says Liberty Media has taken steps in 2017 to build a stable foundation for the sport after years of being "underserved by a continual short-term focus" under Bernie Ecclestone.
Earlier this year Carey accused his predecessor of stunting F1's growth in the previous era. Since Liberty Media's takeover was confirmed at the start of the year the American media company has taken many steps to distance itself from the Ecclestone era, prioritising fan engagement and launching a new logo for the sport after the Abu Dhabi finale.
Despite some talk in the paddock of dissatisfaction among teams at Liberty's aggressive investment during its first year in charge, Carey argues that the sport was crying out for additional investment.