The Formula One Group is a group of companies responsible for the promotion of the FIA Formula One World Championship and exploitation of the sport's commercial rights. Bernie Ecclestone, a former Formula One team boss, has run the company since gaining control of the commercial rights. The Group is owned ultimately by Delta Topco, a Jersey–based company owned primarily by investment companies CVC Capital Partners, Waddell & Reed, and LBI Group, with the remaining ownership split between Bernie Ecclestone, other investment companies and company directors.