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Saudi Arabia reportedly mulling a bid for Formula 1!
Saudi Arabia is reportedly ready to take over Formula 1 from current commercial rights holder Liberty Media according to a report from Switzerland's Blick. Veteran F1 journalist Roger Benoit, a close friend of former F1 supremo Bernie Ecclestone, claims that Liberty Media is losing interest in Formula 1 which it took over from CVC Capital Partners and Ecclestone in 2017. "The Americans seem to have lost interest in their multibillion-dollar toy," writes Benoit. "Ironically, the Saudis are now at the door with their suitcases for a takeover from the Americans." The so-called 'bombshell' report, sketchy at best, offers no insight or clarity on a potential timeline of...
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