Boardroom Alpha
Start trial
10-K primary document
FWONA · Annual Report (Form 10-K) · Filed February 26, 2026

Liberty Media Corp — 10-K exhibit

lmca-20251231xex21.htm
Liberty Media Corp on Boardroom Alpha

Exhibit 21

As of December 31, 2025

        A table of subsidiaries of Liberty Media Corporation is set forth below, indicating as to each the state or jurisdiction of organization and the names under which such subsidiaries do business. Subsidiaries not included in the table are inactive or, considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary.

Entity Name

Domicile

Allsport Management S.A.

Switzerland

Alpha Prema UK Limited

UK

Beta Holdings Limited

Jersey

Delta 2 (Lux) S.a rl.

Luxemburg

F1 Academy Limited

UK

Delta 3 (UK) Limited

UK

Delta Topco Limited

Jersey

MotoGP Sports Entertainment Group, S.L. (fka Dorna Sports, S.L.)

Spain

Dorna Italy Holdings S.R.L

Italy

Dorna Worldwide S.L.U

Spain

Dorna WSBK Organization S.R.L.

Italy

Formula Motorsport Limited (fka GP2 Motorsport Limited)

UK

Formula One Administration Limited

UK

Formula One Asset Management Limited

UK

Formula One Digital Media Limited

UK

Formula One Hospitality and Event Services Limited

UK

Formula One Licensing B.V.

Netherlands

Formula One Management Limited

UK

Formula One Marketing Limited

UK

Formula One Marketing US, INC.

DE

Formula One Marketing II Limited

UK

Formula One Research, Engineering and Development Limited (fka Beta D3 Limited)

UK

Formula One World Championship Limited

UK

International Events Services S.L.U

Spain

Las Vegas Grand Prix, Inc.

DE, NV

Libertad Especia, S.L.U.

Spain

Liberty GR Cayman Holding Company

Cayman Islands

Liberty GR Holding Company Limited

Cayman Islands

Liberty GR US Sub 1 Corp.

DE

Liberty HK, Inc.

DE

Liberty Programming Company LLC

DE

Liberty Property Holdings, Inc.

DE

Liberty Property Holdings Lot 7A-1, LLC

DE

Liberty Property Holdings Lot 7A-2, LLC

DE

Liberty Property Holdings Lot 7A-3, LLC

DE

Liberty Property Holdings Common Management, LLC

DE

Liberty Satellite Radio, Inc.

DE

LSAT Astro LLC

DE

LSR Foreign Holdings 2, LLC

DE

LSR Foreign Holdings, LLC

DE

LV Diamond Production, LLC

DE

LV Diamond Property I, LLC

DE, NV

SLEC Holdings Limited

Jersey

Sucursal EN Espana

Spain

TSAT Holding 2, Inc.

DE

​

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.

Full disclaimer