Time to Race Into Formula One Stock?
A lot of investors, myself included, dream of owning a slice of their favorite sports team. But with many leagues and teams staying private, individual investors have historically been shut out from investing in all but a few of their favorite franchises. However, since being acquired by Liberty Media in 2017, racing league Formula One Group (NASDAQ: FWONA) has been a publicly listed company.
The league is available as a tracking stock, which means the business is still a subsidiary of Liberty Media but you can buy shares in Formula One and realize any potential gains or losses without having to invest in the entire Liberty entity.
Is it time for Formula One stock to race into your portfolio? Let's take a look.
Source Fool.com
