The Las Vegas Grand Prix returns to Nevada for the first time since 1982, with Formula One now worlds away from the series that previously raced around the car park at Caesars Palace. BlackBook writer Cian Brittle joins the pod to explain how and why Liberty Media is gambling $500m on a completely new approach to putting on a race.

Talking points:

• How we got to a new F1 grand prix in Vegas (1:00)
• Is this a shift in F1's strategy for hosting races? (7:19)
• Is the interest there for another F1 race in the US? (19:39)
• Has F1 already peaked in the US? (26:30)
• The health of Nascar and motorsport's next big rights deal (34:50)