News Details
Saudi Arabia wealth fund explored $20M bid for Formula 1
Saudi Arabia's sovereign wealth fund reportedly held talks with Formula 1 last year as it considered a bid to acquire the sport from its current commercial rights holder Liberty Media. According to Bloomberg, Saudi Arabia's Public Investment Fund (PIF) valued Formula 1 in excess of $20 billion including debt, a figure well above the $4.4 billion paid by John Malone's Liberty Media for the sport in 2017. However, from the outset, it was made clear by Liberty to the Kingdom's PIF that Grand Prix racing was not for sale. Prince Khalid Bin Sultan Al Faisal (KSA) President of the Saudi Automobile and Motorcycle Federation. Despite the rebuff, Saudi's wealth fund remains interested in F1, an...
Full Story »
Full Story »
You May Also Be Interested In...
Saudi Arabia wealth fund explored bid for Formula 1
Saudi Arabia's sovereign wealth fund reportedly held talks with Formula 1...
8mo ago from F1i.com
Saudi Arabia wealth fund explored $20b F1 bid –...
Saudi Arabia’s sovereign wealth fund considered an attempt to buy...
8mo ago from MotorsportWeek.com
Former backer says ‘no one' wanted to fund de...
Jan.20 The man suing Formula 1 rookie Nyck de Vries over a contract...
8mo ago from OneStopStrategy.com
Cryptic Porsche post sparks rumours of Williams deal
Fans have attempted to decipher a cryptic social media post uploaded by...
8mo ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Crutchlow: Two races and two long laps, that must be a...
No description available...
27m ago from Crash.net
'All in' slicks in the rain gamble backfires for...
No description available...
2h ago from Crash.net
Popular On IndyCarToday.com
McElrea planning for IMSA events in ’24 while...
No description available...
1d ago from Motorsport.com
IndyCar reveals significantly-changed 2024 schedule
The NTT IndyCar Series has released the schedule for the 2024 season,...
6d ago from MotorsportWeek.c...
Argentina race could still be added to 2024 IndyCar...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
WRC Chile: Tanak masterclass delivers victory for...
No description available...
14h ago from Motorsport.com
Toyota joins WRC royalty with manufacturers' title...
No description available...
11h ago from Motorsport.com
Ott Tanak tames Rally Chile, Toyota clinches...
Ott Tanak and co-driver Martin Jarveoja took WRC Rally Chile by the scruff...
14h ago from MotorsportWeek.c...
WRC Rally Chile Sunday midday update
Ott Tanak still leads by 51.6 seconds while second-placed Teemu Suninen is...
18h ago from MotorsportWeek.c...
Popular On GunnersToday.com
Kai Havertz nets first Arsenal goal in Bournemouth...
Kai Havertz nets his first Arsenal goal at the 10th attempt as the Gunners...
57m ago from SportsMole.co.uk
Arsenal linked with a move for 23-year-old Premier...
Arsenal are reportedly interested in signing the Portuguese winger Pedro...
1h ago from CaughtOffside.com
Webb of lies
Morning. Is it just me or is the Kai Havertz song an earworm of epic...
1h ago from Arseblog.com
How Arsenal could line up against Lens
Sports Mole looks at how Arsenal could line up for Tuesday's Champions...
5h ago from SportsMole.co.uk
Comments
Hottest News
Leclerc: It’s going to be a very close fight with...
Charles Leclerc admitted, after Red Bull secured... Read More »
36m ago from GrandPrix247.com
Ecclestone: Verstappen above Hamilton as ‘best ever'...
Ex-Formula 1 supremo Bernie Ecclestone has ranked... Read More »
47m ago from MotorsportWeek.com
Bottas ‘nervous' before 130km cycling race
Oct.2 Valtteri Bottas admits he was 'more... Read More »
37m ago from OneStopStrategy.com
