Just four years after Liberty Media Corporation announced its deal to acquire Formula 1 from CVC Capital Partners, fears that the championship's new owners would seek to Americanise Grand Prix motor racing have been quashed by a series of astute deals and the news of Stefano Domenicali's appointment as chief executive.
With the budget cap and Concorde Agreement in place, Chase Carey returns to the USA, mission accomplished for the initial phase of Liberty's ownership of F1.
His replacement faces the task of helping F1 recover from the ravages of COVID-19, putting the company's plans for growth back on track, tackling challenges such as F1's response to a fast-changing media landscape, and achieving its ambitious target of having a net zero carbon footprint by 2030.