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Shocking New Twists Rock the Bizarre Saga of a Team in Limbo
Highlights
- Beth Paretta appointed managing director of Monaco Sports Group.
- Liberty Global abandoned MSG takeover due to conflict of interest concerns.
- MSG licence reverted to Formula E Operations amid ownership uncertainty.
- MSG’s Monaco base to close; staff relocating to Paris facility.
- Paretta focuses on commercial growth and partnership development at MSG.
- Future MSG ownership remains unclear despite fresh leadership intervention.
Beth Paretta becomes managing director of Monaco Sports Group, operator and licence holder of the Citroen Formula E team, after arriving at the Tempelhof base on Friday amid ongoing ownership uncertainty.
Her mandate centers on commercial reset while governance questions linger after Liberty Global abandoned an acquisition amid conflict-of-interest concerns with its majority stake in championship promoter.
Paretta previously served as vice-president of sporting at Formula E Operations until December 2025, heightening scrutiny over potential conflicts during her move from promoter side to team management.
The Liberty Global plan used a new SPV, Liberty Global Motorsports, to acquire MSG’s licence and incubate the team within its growth portfolio, with outside investors joining later.
Liberty Global withdrew its MSG bid following strong opposition from teams and manufacturers over conflicts of interest.
Teams and manufacturers opposed the proposal, arguing competitive integrity risks. The bid was dropped last month to avoid distracting the championship during a pivotal period.
Formula E CEO Jeff Dodds framed Liberty’s interest as supportive, yet acceptance proved untenable once stakeholder resistance hardened around governance optics.
MSG’s licence had already reverted to the promoter, ensuring the team’s grid place while ownership talks stalled and prospective buyers faltered.
MSG’s licence reverting to the promoter protected the team’s continued participation despite ownership turmoil.
MSG originated in 2021 when Jose Aznar and Scott Swid took control of the former Venturi squad, then partnered with Stellantis for a Maserati-branded Gen3 entry in 2023.
A messy 2023 campaign, frequent crashes, and a restrictive branding deal hampered partner acquisition, accelerating Aznar and Swid’s withdrawal late in 2024.
Brooklyn Earick emerged as a suitor but missed funding milestones in early 2025, and his failed Tottenham Hotspur bid later that year further undermined credibility.
MSG will close its Monaco base after this season, with technical staff relocating to Stellantis Motorsport in Satory.
Paretta now focuses on sponsorship, revenue growth, and cost control. Technical operations remain with Stellantis Motorsport in concert with the Citroen brand.
The Monaco hub will close after the season. Selected staff move to Stellantis’s Satory facility near Paris to align engineering, logistics, and programme oversight.
A planned commercial office in London, tied to Liberty Global Motorsports, is paused. Paretta maintains a temporary Monaco presence while engaging potential buyers.
She works alongside Citroen team principal Cyril Blais, who replaced James Rossiter in 2023 and steered the team through 2024’s uncertainty.
Paretta concedes the team lacked commercial focus for over a year. Her immediate tasks include reactivating sales pipelines and preparing structures for investment or sale.
Establishing a French subsidiary is time-critical to enable the staff transfer and legal compliance ahead of next season.
MSG’s short-term security appears intact, but medium-term ownership, funding mix, and brand strategy remain open as Formula E readies its next technological step.
Visual Summary
Monaco
Paris
MSG
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Beth Paretta takes charge of Citroen’s Formula E team as MSG teeters above uncertainty, balancing a stalled sale, staff relocations, and a mission to rescue commercial stability.
2021
MSG takes over Venturi team
2023
Maserati era starts
2024
Crash & ownership turmoil
2025
Failed takeover bids
Now
Beth Paretta steps in
3
Failed Takeovers in 14 Months
2
HQs Closing & Moving
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“Ticking Clock” on Registration & Staff Move
“Our mission is clear — stabilize operations, attract new partners, and give this team a future. But we’re racing against time.”
— Beth Paretta on taking over at MSG
MSG walks a tightrope—will new leadership bring safe landing or another leap into the unknown?
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Zane Muniz writes across NASCAR, IndyCar, F1, IMSA, NHRA, and dirt-racing news. His breaking-news alerts and event previews ensure motorsport fans never miss a lap, drift, or drag-strip showdown.
